MODULE CODE: M25EMD C O V E N T R Y U N I V E R S I T Y Submission Date: 13 December 2010 Name: Monika Miglani tudent Name(s): K. Hussain scholarly individual Id No: 3023260 tudent Name(s): K. Hussain CORPORATE finance M07EFA Module Tutor: Keith Redhead whirligig: Institutional Investments Table of Contents | bump offspring| Pg. no.| | tribute off| 3| | Type of support| 3| | delineate public assistance design| 3| | outlined component turning aways| 5| | Difference between be Benefit Scheme and delimitate voice Scheme| 6| | Why argon Defined Contribution Schemes suitable more(prenominal) important| 8| | endpoint| 10| | | | bounty: subvention understructure be defined as acquit privacy benefits that an employee receives. It is a Private or Government investment comp any(prenominal) from which steadfast benefits argon provided to a person later his retirement. Pensions can be payable to an employee after a certain while or after completing a certain promote in a company.
Types of Pensions: Pensions can be classified as follows: * utilization based Pension Plans: These are also cognize as Retirement Plans. In this look a limited tote up of benefit is provided to an employee when they no extended have any income after retirement. Depending on the benefits Employment subvention Plans can be split up into Defined-Benefit Pension Scheme or Defined Contribution Pension Scheme. * Defined-Benefit Pension Scheme * Defined Contribution Pension Scheme * kind and submit Pensions: Government in rough developed countries alike UK, Canada, US etc. provides funds to the residents and citizens of that sphere to provide complaisant and economical security. * Disability Pension: These types of pension plans do non depend on the age of the person. Disability Pensions are provided to the disabled...If you wish to get a full essay, order it on our website: Ordercustompaper.com
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