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English definition of “stakeholder pension”

stakeholder pension

noun [C] FINANCE, HR
in the UK, a type of personal pension plan introduced in 2001 into which people can make regular payments that are invested to provide them with a pension: If you employ 5 or more employees you may have to make a stakeholder pension scheme available to your staff. → Compare occupational pension
(Definition of stakeholder pension noun from the Cambridge Business English Dictionary © Cambridge University Press)

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