Practical Law UK Glossary 7-107-6670 (Approx. 3 pages)
Glossary
Group personal pension
An arrangement for the employees of a specific employer to participate in a personal pension scheme on a group basis. A GPP is effectively a series of individual personal pensions (not a common fund) provided by a single insurance company or other provider authorised by the Financial Conduct Authority (FCA). The pension fund belongs to the employee and can be taken with him when he leaves his employment. Benefits in a GPP accrue on a money purchase basis.