Jurisdiction(s):
United Kingdom

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Key definition

Personal pension definition

What does Personal pension mean? A personal pension is an individual, contract-based, defined contribution arrangement that a person sets up with an authorised provider to build a retirement pot. It functions like a money box for the individual: contributions (from the saver and, in some cases, an employer) are invested, and the benefits depend on the amount paid in and investment returns. In the UK, personal pension scheme is a statutory category, distinct from occupational schemes and generally registered for tax purposes under the Finance Act 2004. Common forms include stakeholder pensions and Self-Invested Personal Pensions (SIPPs). Providers and advice are regulated by the FCA; where...

Disclosure obligations of trustees and managers of personal pension schemes before 6 April 2014 (1987 Regulations, archived)

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Practice notes

THIS PRACTICE NOTE APPLIES TO personal pension SCHEMES

This Practice Note considers the disclosure obligations that applied to trustees of personal pension schemes prior to 6 April 2014 under the Personal Pension Schemes (Disclosure of Information) Regulations 1987, SI 1987/1110. Those regulations were repealed with effect from 6 April 2014 and therefore no longer apply. In this Practice Note, references to ‘trustees’ should, for a contract-based personal pension, be read as including the managers of the scheme. For guidance on the disclosure rules that applied to occupational pension schemes before 6 April 2014 under the Occupational Pension Schemes (Disclosure of Information) Regulations 1996, SI 1996/1655, see Practice Note: Occupational pension schemes—disclosure requirements before 6 April 2014. From 6 April 2014, the disclosure regime for occupational and personal pension schemes was consolidated and harmonised into a single set of regulations, the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013, SI 2013/2734. For information on the regime applicable from 6 April 2014, see Practice Note: Disclosure requirements applicable to occupational and personal pension schemes after 5 April 2014...

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Web page updated on 21/05/2026

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