Jargon Buster
Group Personal Pension Scheme
A GPPS is often set up by an employer rather than an occupational pension scheme. Basically, it is simply a collection of individual personal pension schemes for employees, but with one pension provider and to which scheme only the employer will contribute rather than making fragmented contributions to personal pension schemes selected by individual employees.
GN
[Actuarial] Guidance Notes
GAD
Government Actuaries Department. www.gad.gov.uk
GPP
Group Personal Pension
GMP
Guaranteed Minimum Pension
Guaranteed Minimum Pension
The minimum level of pension a scheme must provide for pre April 1997 service if it was contracted out.
Grant of Probate
The official procedure whereby the court accepts the validity of the deceased’s will and the appointment of the Executors to administer the estate.
Articles
What difference does A-Day make?
6th April 2006 was 'A-Day', and some very sweeping changes to pensions went live. Here are a series of questions and answers to help you understand the implications.
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