RPSM09300010 - Scheme Administrator Pages: Member benefits: Overview
Overview
Benefits from
money purchase arrangements are calculated by
reference to the capital amount of money that has been made
available on the members behalf. This is sometimes known as the
‘members pot’. As
scheme administrator you will be responsible for
informing the member of the various options that are available to
them for taking their benefits and in certain circumstances paying
the pension until death.
You should note that not all of the following methods of
drawing benefits will be available and close attention must be
given to the rules of the scheme. For more details on the payment
of benefits you should check the Technical Pages of this
manual.
| Glossary ( RPSM20000000) |
