The main purposes and nature of the different types of employee benefits Flashcards
1
Q
What is a stakeholder pension scheme?
A
These schemes were introduced in 2001 to encourage greater savings for pensions.
2
Q
What is a GPP?
A
A Group Personal Pension is a contract-based defined contribution pension scheme and is a group of individual pensions.
3
Q
What is an AMP?
A
An Absence Management Program assists an employer in effectively monitoring and managing employees’ absence from work, the key is early intervention so that employees can be given support and advice before matters escalate.
