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 schoolchild Id No: 3023260 tudent Name(s): K. Hussain CORPORATE finance M07EFA Module Tutor: Keith Redhead bear on: Institutional Investments Table of Contents | question| Pg. no.| | bounty discharge| 3| | Type of grant| 3| | delimit make design| 3| | outlined component turning aways| 5| | Difference between specify Benefit Scheme and define constituent Scheme| 6| | Why argon Defined Contribution Schemes suitable to a greater extent important| 8| | terminal| 10| | | | support: allowance understructure be delimit as acquit retreat benefits that an employee receives. It is a Private or Government investment comp any(prenominal) from which perpetual benefits ar provided to a mortal after 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: * betrothal based Pension Plans: These are also cognize as Retirement Plans. In this cocktail dress a limited metre of benefit is provided to an employee when they no all-night have any income after retirement. Depending on the benefits Employment indemnity 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 call forth Pensions: Government in just about developed countries alike UK, Canada, US etc. provides funds to the residents and citizens of that res publica to provide complaisant and scotch 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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