Explain the difference between a group personal pension and a personal pension plan.

• A. A plan set up by an employer for a group; personal plans are not portable or controlled by the contributor.
• B. Group Personal Pension is identical to a Personal Pension Plan.
• C. Group Personal Pension is arranged through an employer for a group; Personal Pension Plan is individual, portable and controlled by the contributor.
• D. Group Personal Pension cannot be transferred.

Answer: (C)