Answer: DOLE
Type of pension crossword clue in sentence
Scheme members of a Group Personal Pension build up a pension pot through employer and employee pension contributions. This pension pot is then invested into a mix of stocks, shares and other investments, with the aim of growing the pot over time. When they retire, the employee can access the pension pot in a number of different ways.
A trust-based pension is traditionally a type of pension set up by an employer for their employees. However, master trust pensions are set up by pension providers with a trustee and board to govern the scheme. Employers who choose to set up a master trust scheme are given the benefit of having a governance function, but they're generally less complex and have far lower running costs than a traditional trust-based scheme.
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