Not for the faint hearted! These schemes allow you to manage your pension funds personally. They allow you to invest in a broad range of assets including specific shares, bonds, properties and commodities.
Arranged by employers on behalf of their employees. Contributions from both employer and employee are administered via payroll deduction and both qualifiy for tax relief for both employee and employer. A trustee will need to be appointed, some employers opt to act as a trustee or appoint an independent professional to do so. There are many trustee firms available to choose from. The trustee maintains the scheme in accordance with regulations and guidelines set down by the pensions board.