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The Guaranteed Minimum Pension (GMP) is the minimum pension which a United Kingdom occupational pension scheme has to provide for those employees who were contracted out of the State Earnings-Related Pension Scheme (SERPS) between 6 April 1978 and 5 April 1997. The amount is said to be 'broadly equivalent' to the amount the member would have ...
This is a list of countries by guaranteed minimum income. Guaranteed minimum income is the amount of money a person is entitled to from the social welfare system in ...
The Pension Protection Fund (PPF) is a statutory corporation, set up by the Pensions Act 2004, and has been protecting members of eligible defined benefit (DB) pension schemes across the United Kingdom since 2005. It protects close to 10 million members belonging to more than 5,200 pension schemes across the UK.
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A fixed annuity comes with a guaranteed minimum interest rate — set by the insurance company providing the annuity, which means you can better predict the amount of income it will produce.
These income annuities have current interest rates and a minimum guaranteed interest rate, which means your insurance company guarantees you a certain amount.
Houldsworth v Bridge Trustees Ltd [2011] UKSC 42 is a UK pensions and UK labour law case concerning the difference between a final salary and a money purchase pension scheme. It matters because final salary schemes fall under the minimum funding requirements, whereas money purchase schemes do not.
This rate can never be less than the minimum guaranteed rate stated in the policy. Fixed annuities are a very conservative safe money place for retirement dollars. [ 3 ] Fixed annuity interest rates are generated from a portfolio of US treasuries or other low risk, fixed income instruments.