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Pension schemes are a fund set up by an organisation (be it an employer, insurance company or the Government) to prove people with income in retirement. Those participating in the arrangement join the pension scheme and so are referred to as member. A pension scheme member is someone that has qualified under the scheme rules for benefits within the scheme. Usually they make contributions to the pension scheme to save for their retirement. Pension scheme members can be part of an occupational pension scheme or a personal pension scheme, or both.

If you haven't found all the answers that you are looking for you can find similar content in the Pension Glossary sections, contact an adviser at the top of the page, or you could try these related posts:

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