In a Personal pension scheme, who pays Pension to whom?

A. Pension Provider to Annuitant

B. Employer to employee

C. Government to Public

D. State to its employees

Answer: Option A

Solution(By Examveda Team)

Personal pensions are a type of defined contribution pension scheme.They are individual contracts between you and the pension provider and are set up by you, the member. The pension provider is often an insurance company, although there are also a number of independent providers.

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