Types of pensions

Contract-based pension

Types of pensions

Contract-based pension schemes are those where a contract between the individual and the provider (typically an insurer, asset manager or other pension provider) governs the pension scheme.

All contract-based schemes are defined contribution.

All personal pensions are contract-based while employer schemes are normally trust-based (though group personal pensions arranged by employers are also contract-based).

We’ll never leave you high and dry

Our customer support team is rated "Excellent" and is always on hand to help you during the setup process and once you have your new pension. There are 3 ways you can contact us:
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Log in to our website and chat to us

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Email us on support@myraindrop.co.uk

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Call us on 02039517253