News – Page 115
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Findus launches a new group personal pension scheme
Findus has launched a new group personal pension (GPP) scheme.A round-the-clock communication and workplace education programme was provided for all employees in order to coincide with the international frozen food business’ 24-hour shift patterns.Employees were given advice by GPP provider Alexander Forbes Financial Services, on the benefits of salary exchange ...
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Article
G4S moves to group personal pension
G4S has converted its contracted-in money purchase pension scheme (CIMP) into a group personal pension (GPP).The 2,251 active members of the CIMP at the security solutions firm were offered membership of the new GPP. Over 98% of the active CIMP members have taken up the option to transfer, with 95% ...
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Pensions - definitions - Group personal pension (GPP)
A group personal pension is when an employer makes an arrangement with one pension provider or financial adviser to offer personal pensions to a group of employees. A GPP is a contract-based defined contribution scheme. Each employee has a separate contract with the pension provider or adviser, but the contributions ...
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Buyer's Guide: Group personal pensions
Greater fund selection and lower prices are helping group personal pension plans to make a comeback, often at stakeholder’s expense, says Jamin RobertsonArticle in fullLast November, telecommunications company Virgin Mobile announced it was closing its trust-based defined contribution scheme in favour of a group personal pension (GPP), citing onerous trustee ...
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Paddy Power introduces group personal pension
Paddy Power has introduced a group personal pension (GPP) as a result of incoming pensions legislation and to help retain employees in a competitive market.The Irish bookmaking group, which has 166 employees at 32 stores in the UK, said that it had considered the implications of the Finance Act 2005 ...