Our contract-based pensions
Defined-contribution pensions offered on TargetPlan include a group personal pension and a group stakeholder pension.
Each of our defined-contribution (DC) schemes can be provided on a full administration and investment basis, or an investment-only service.
Group personal pension
Our TargetPlan Group Personal Pension (GPP) scheme is a contract-based workplace pension and a type of defined-contribution pension that’s run by us, the pension provider. Employees contributions are passed on to us which we invest on behalf of your members, with the aim of growing their pensions over time.
Even though the pension is administered by us, you’ll still have access to rich member insights and behavioural data to help inform your workplace pension communications.
GPP members build up a pension pot and at the age of 55 (rising to 57 in 2028), they have the choice of accessing their pension through a variety of options, including flexi-access drawdown.