personal pension product

      1. (1) (except in COBS 19.11) a contract under which rights to benefits are obtained by making contributions to a personal pension scheme other than a personal pension policy, a personal pension contract, a personal pension deposit or a SIPP.
      1. (2) (in COBS 19.11) a retirement annuity contract, a pension buy-out contract including a ‘section 32’ buy-out policy that was approved under section 32 of the Finance Act 1981 (when that Act was in force) or an FSAVC.
Glossary Related Taxonomy Legal Instruments