1. Occupational pension scheme in which the ultimate benefit depends which, of two combined elements performs better, a final salary scheme or a money purchase scheme. 2. An occupational scheme that offers money purchase benefits to some members and final salary benefits to others.

Self-administered pension scheme with insurance policies among its assets.

Integrated risk cover triggered by reference to insurance loss experience and/or financial losses.

the establishment, by statute or contract, of a legal charge over a particular asset or group of assets as security for the performance of an obligation assumed under a contract or class of contracts.