A - B - C - D - E - F - G - H - I - J - K - L - M - N - O - P - Q - R - S - T - U - V - W - X - Y - Z - Main Page

categories

Featured sites

Selection from Glossary
- Accrual Rate
  Accrual rate is the fraction used to express the rate of build-up of a final salary pension scheme fund. Sixtieths and eightieths are the most commonly found rates. Therefore, if you are a member of a sixtieth scheme, the accrual rate is 1/60th of your final salary per year. On this basis if you were a member of the scheme for forty years you would be entitled to 40/60ths or two-thirds of your final salary as a pension. Due to the prohibitive costs of final salary pension schemes, increasing numbers of employers are switching to money purchase schemes.

Currently viewing the definition of: National Savings


	National Savings offer numerous savings and investment products that are backed by the government. Products are generally low risk, focusing on steady or guaranteed returns.