Arrow Financial Services

Jargon Buster

Jargon Buster



Also known as a Final Salary Scheme. This is the traditional form of company or occupational pension in which your pension is calculated as a proportion of your salary in the last few years of work. The proportion you receive depends upon how many years you have been in your company scheme.


Also known as a final salary scheme, this is a plan where your pension is guaranteed to be a set proportion of your pre-retirement earnings.

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