Guaranteed minimum pension

 

Home
Site Map
Add Term
Search
About Us
Contributors

Guaranteed minimum pension

The minimum pension payable by a pension scheme in order that members may contract out of S2P (State Second Pension).



Similar Matches

Guaranteed trust

Guaranteed trust

Some unit trusts offer a floor price and guarantee their bid price will not be allowed to fall below that level. They also 'lock in' any growth achieved every few months.From an investor's point of view, this guarantee provides reassurance about the value of their investment. Even if the value of the trust's assets falls well below the floor, the bid price (the amount that an investor can sell his units for) will remain at the guaranteed level.


Guaranteed death benefit

Guaranteed death benefit

Policies where the company will pay out a certain amount when you die.


Guaranteed minimum period

Guaranteed minimum period

The period during which an annuity is paid irrespective of whether the annuitant dies during that period.If the annuitant lives beyond this period, payments continue until death. An annuity with such a guarantee could benefit people, with dependants who require the income to continue after their death. This means that the sum of money paid for the annuity would not be wasted in the event of early death.


Guaranteed replacement cost coverage insurance

Guaranteed replacement cost coverage insurance

A policy that covers the full cost of replacing damaged property without any allowances or deductions, e.g., depreciation.


Guaranteed investment contract (GIC)

Guaranteed investment contract (GIC)

 A pure investment product in which a life company agrees, for a single premium, to pay at a maturity date the principal amount of a predetermined annual crediting (interest) rate over the life of the investment.


Further Suggestions

guaranteed growth bond
guaranteed death benefit
guaranteed income bond
Guaranteed renewable policy insurance
Guaranteed insurability
guaranteed renewable policy
Guaranteed insurance contract
Guaranteed bond
Guaranteed Mortgage Certificates (GMC)
guaranteed sum assured


 
All rights Reserved. Do not copy without permission.