[an error occurred while processing this directive]

2. PENSION PRODUCTS 2.1 Providers Apart from provision of additional income from other personal investments, specific pension provision can come from the following sources:- State Schemes - Basic, SERPS and S2P. Occupational Schemes - Private sector and public sector. Personal Pension Schemes - Personal contribution only or personal plus employer contribution. Occupational schemes may be:- Funded, as with most private sector schemes, or Unfunded as with many public sector schemes, where pensions are paid out of current revenue on a pay as you go system like the State Schemes. Where the scheme is funded, it may be:- 'Insured', which merely means that it is managed and administered by an insurance company, or Self Administered, where the company organises the scheme itself, hiring suitable professionals to carry out such functions as investment, actuarial and legal work. Certain related benefits, such as life assurance benefit, will usually be insured through specialist companies

[an error occurred while processing this directive]