{"id":32532,"date":"2024-04-15T09:03:05","date_gmt":"2024-04-15T09:03:05","guid":{"rendered":"https:\/\/exam.pscnotes.com\/mcq\/?p=32532"},"modified":"2024-04-15T09:03:05","modified_gmt":"2024-04-15T09:03:05","slug":"a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called","status":"publish","type":"post","link":"https:\/\/exam.pscnotes.com\/mcq\/a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called\/","title":{"rendered":"A pension scheme in which the employer manages fund through a trust and pays pension thro purchase of an annuity from a life insurance company is called"},"content":{"rendered":"<p>\r\n    <!-- Check if it's an AMP page -->\r\n            <!-- Non-AMP version -->\r\n        <div class=\"mcq-container\" data-quiz-id=\"quizState_6a9dc4b43c351\">\r\n                                            <div class=\"option\" data-option-key=\"option1\" data-is-correct=\"false\">\r\n                    Uninsured pension scheme                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option2\" data-is-correct=\"true\">\r\n                    Insured Pension scheme                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option3\" data-is-correct=\"false\">\r\n                    Both A &amp; B                <\/div>\r\n                                            <div class=\"option\" data-option-key=\"option4\" data-is-correct=\"false\">\r\n                    None of the above                <\/div>\r\n                            \r\n            <!-- Feedback messages for non-AMP -->\r\n            <div class=\"feedback\" data-feedback=\"wrong\">Answer is Right!<\/div>\r\n            <div class=\"feedback\" data-feedback=\"right\">Answer is Wrong!<\/div>\r\n        <\/div>\r\n\r\n        <script>\r\n        document.addEventListener('DOMContentLoaded', function () {\r\n            var containers = document.querySelectorAll('.mcq-container');\r\n\r\n            containers.forEach(function(container) {\r\n                var options = container.querySelectorAll('.option');\r\n                var feedbackSelect = container.querySelector('[data-feedback=\"select\"]');\r\n                var feedbackWrong = container.querySelector('[data-feedback=\"wrong\"]');\r\n                var feedbackRight = container.querySelector('[data-feedback=\"right\"]');\r\n\r\n                options.forEach(function(option) {\r\n                    option.addEventListener('click', function() {\r\n                        var selectedOption = option.getAttribute('data-option-key');\r\n                        var isCorrect = option.getAttribute('data-is-correct') === 'true';\r\n\r\n                        \/\/ Remove previous selections\r\n                        options.forEach(function(opt) {\r\n                            opt.classList.remove('correct', 'incorrect');\r\n                        });\r\n\r\n                        \/\/ Add the correct\/incorrect class\r\n                        if (isCorrect) {\r\n                            option.classList.add('correct');\r\n                            feedbackRight.hidden = false;\r\n                            feedbackWrong.hidden = true;\r\n                        } else {\r\n                            option.classList.add('incorrect');\r\n                            feedbackRight.hidden = true;\r\n                            feedbackWrong.hidden = false;\r\n                        }\r\n\r\n                        \/\/ Hide select feedback\r\n                        feedbackSelect.hidden = true;\r\n                    });\r\n                });\r\n            });\r\n        });\r\n        <\/script>\r\n    \r\n    <!--more--><\/p>\n<p>The correct answer is: <strong>B. Insured Pension scheme<\/strong><\/p>\n<p>An insured pension scheme is a type of pension scheme in which the employer manages the fund through a trust and pays the pension through the purchase of an annuity from a life insurance company. This type of scheme is <div class=\"telegram-channel-container\">\r\n        <a href=\"https:\/\/t.me\/pscnotes2025\" target=\"_blank\" class=\"telegram-channel-button\">\r\n            <span class=\"telegram-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 496 512\">\r\n                    <path fill=\"white\" d=\"M248,8C111,8,0,119,0,256s111,248,248,248s248-111,248-248S385,8,248,8z M362,177L320,367c-3,14-10,18-20,14l-56-41l-27,26 c-3,3-5,5-10,5l4-63L323,196c5-5-1-7-8-3l-98,62l-42-13c-9-3-10-9,2-14l162-63C351,160,365,164,362,177z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Join Our Telegram Channel\r\n        <\/a>\r\n    <\/div> often used by employers who want to provide their employees with a secure retirement income.<\/p>\n<p>An uninsured pension scheme is a type of pension scheme in which the employer manages the fund directly and pays the pension out of the fund. This type of scheme is often used by <div class=\"youtube-subscribe-container\">\r\n        <a href=\"https:\/\/www.youtube.com\/channel\/UCNHT8lW-JmLC68rjBfZhdkg?sub_confirmation=1\" target=\"_blank\" class=\"youtube-subscribe-button\">\r\n            <span class=\"youtube-icon\">\r\n                <svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 576 512\">\r\n                    <path d=\"M549.7 124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z\"\/>\r\n                <\/svg>\r\n            <\/span>\r\n            Subscribe on YouTube\r\n        <\/a>\r\n    <\/div> employers who want to keep control of their pension costs.<\/p>\n<p>Both insured and uninsured pension schemes have their own advantages and disadvantages. Insured pension schemes are often seen as being more secure, as the pension is guaranteed by the life insurance company. However, they can also be more expensive, as the employer has to pay a premium to the life insurance company. Uninsured pension schemes are often seen as being more flexible, as the employer has more control over the fund. However, they can also be more risky, as the employer is responsible for the investment performance of the fund.<\/p>\n<p>The best type of pension scheme for an employer will depend on their individual circumstances. Employers should carefully consider their needs and objectives before deciding which type of scheme to implement.<\/p>\n<p>Here are some additional details about each option:<\/p>\n<ul>\n<li><strong>Uninsured pension scheme:<\/strong> In an uninsured pension scheme, the employer manages the fund directly and pays the pension out of the fund. This type of scheme is often used by employers who want to keep control of their pension costs. However, it can also be more risky, as the employer is responsible for the investment performance of the fund.<\/li>\n<li><strong>Insured pension scheme:<\/strong> In an insured pension scheme, the employer manages the fund through a trust and pays the pension through the purchase of an annuity from a life insurance company. This type of scheme is often used by employers who want to provide their employees with a secure retirement income. However, it can also be more expensive, as the employer has to pay a premium to the life insurance company.<\/li>\n<li><strong>Both A &amp; B:<\/strong> This option is not correct, as it is not possible for a pension scheme to be both insured and uninsured.<\/li>\n<li><strong>None of the above:<\/strong> This option is also not correct, as there are two possible answers to the question.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Subscribe on YouTube<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.2 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>A pension scheme in which the employer manages fund through a trust and pays pension thro purchase of an annuity from a life insurance company is called<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/exam.pscnotes.com\/mcq\/a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A pension scheme in which the employer manages fund through a trust and pays pension thro purchase of an annuity from a life insurance company is called\" \/>\n<meta property=\"og:description\" content=\"Subscribe on YouTube\" \/>\n<meta property=\"og:url\" content=\"https:\/\/exam.pscnotes.com\/mcq\/a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called\/\" \/>\n<meta property=\"og:site_name\" content=\"MCQ and Quiz for Exams\" \/>\n<meta property=\"article:published_time\" content=\"2024-04-15T09:03:05+00:00\" \/>\n<meta name=\"author\" content=\"rawan239\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"rawan239\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"A pension scheme in which the employer manages fund through a trust and pays pension thro purchase of an annuity from a life insurance company is called","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/exam.pscnotes.com\/mcq\/a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called\/","og_locale":"en_US","og_type":"article","og_title":"A pension scheme in which the employer manages fund through a trust and pays pension thro purchase of an annuity from a life insurance company is called","og_description":"Subscribe on YouTube","og_url":"https:\/\/exam.pscnotes.com\/mcq\/a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called\/","og_site_name":"MCQ and Quiz for Exams","article_published_time":"2024-04-15T09:03:05+00:00","author":"rawan239","twitter_card":"summary_large_image","twitter_misc":{"Written by":"rawan239","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/exam.pscnotes.com\/mcq\/a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called\/","url":"https:\/\/exam.pscnotes.com\/mcq\/a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called\/","name":"A pension scheme in which the employer manages fund through a trust and pays pension thro purchase of an annuity from a life insurance company is called","isPartOf":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#website"},"datePublished":"2024-04-15T09:03:05+00:00","dateModified":"2024-04-15T09:03:05+00:00","author":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209"},"breadcrumb":{"@id":"https:\/\/exam.pscnotes.com\/mcq\/a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/exam.pscnotes.com\/mcq\/a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/exam.pscnotes.com\/mcq\/a-pension-scheme-in-which-the-employer-manages-fund-through-a-trust-and-pays-pension-thro-purchase-of-an-annuity-from-a-life-insurance-company-is-called\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/exam.pscnotes.com\/mcq\/"},{"@type":"ListItem","position":2,"name":"mcq","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/"},{"@type":"ListItem","position":3,"name":"Insurance","item":"https:\/\/exam.pscnotes.com\/mcq\/category\/mcq\/insurance\/"},{"@type":"ListItem","position":4,"name":"A pension scheme in which the employer manages fund through a trust and pays pension thro purchase of an annuity from a life insurance company is called"}]},{"@type":"WebSite","@id":"https:\/\/exam.pscnotes.com\/mcq\/#website","url":"https:\/\/exam.pscnotes.com\/mcq\/","name":"MCQ and Quiz for Exams","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/exam.pscnotes.com\/mcq\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/5807dafeb27d2ec82344d6cbd6c3d209","name":"rawan239","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/exam.pscnotes.com\/mcq\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d97f17072bfa490596c8f78363955d55?s=96&d=mm&r=g","caption":"rawan239"},"sameAs":["https:\/\/exam.pscnotes.com"],"url":"https:\/\/exam.pscnotes.com\/mcq\/author\/rawan239\/"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32532"}],"collection":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/comments?post=32532"}],"version-history":[{"count":0,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/posts\/32532\/revisions"}],"wp:attachment":[{"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/media?parent=32532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/categories?post=32532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/exam.pscnotes.com\/mcq\/wp-json\/wp\/v2\/tags?post=32532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}