However, before retiring, members do have the right to transfer their pension rights out of the LGPS to a DC arrangement offering 'flexible benefits'. CDS see Credit default swap. Student finance - student loans or student grants for tuition fees and living costs, extra help, student loan repayments Certificate of deposit Certificates of deposit [CDs] are short-term, non-interest bearing bonds issued by banks and building societies. AVCs are a separate pot of money to your Local Government Pension Scheme, or LGPS, from which you can access benefits directly, or transfer out to access retirement products available in the marketplace. The Scheme Advisory Board for the LGPS in England and Wales have published a report by PwC entitled 'Options for academies in the LGPS'. As the Local Government Pension Scheme (LGPS) is a public sector defined benefit (DB) scheme, 'Freedom and Choice' does not apply to it. Existing customers with a local government pension scheme can top up their AVCs, find out more about tax savings, flexible contributions, changing their investment and use our AVC Calculator. A CD pays a fixed amount of interest and has a set date of maturity. This gives you more flexibility both when you’re saving, and when you want to access your money. Centralised scheme Scheme operated on behalf of several employers. The report was commissioned by the Scheme Advisory Board in 2016 to look into the issues associated with the participation of academies in the LGPS and the options for addressing these. CDO See collateralised debt obligation.
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