Who took Cooperative pensions?
Co-operative Insurance Society has rebranded to Royal London. If that name doesn't ring any bells, we're the largest mutual life, pensions and investment company in the UK.
What is a CSS pension?
CSS is a hybrid scheme (part accumulation and defined benefit) where benefits derive from a member and an employer component. The accumulation part consists of member and productivity contributions and fund earnings. The employer component is the defined benefit part.
Is the CSS pension indexed?
When you retire as a CSS member, you will of course receive your indexed defined benefit pension, but in addition, you can choose to receive a non-indexed pension or a lump sum payout of your contributions plus any earnings. ... Your pension is paid as long as you live and is indexed by the CPI.
Is superannuation a pension?
A payment made to and invested in a superannuation fund by an employer or employee towards a pension for the employee's retirement.