Chapter 5 - Benefits Overview And Providers Of Benefits Flashcards
1
Q
Type of scheme
A
Defined benefit
Defined contribution
Hulybrid
2
Q
Benefit providers
A
State Employers Individuals Financial institutions Other organisations
3
Q
State
The roles of the state
A
Direct provision of benefits Sponsoring of the provision of benefits Provision of financial incentives Education Regulation to encourage or compel benefit provision Regulation of benefits providers
4
Q
Employers
Sponsoring benefits
A
Compulsion or encouragement from the state
Attraction and retention of good quality staff
Desire to look after employees and dependants
Pool expenses and expertise
5
Q
Individuals
Motives
A
Compulsion or encouragement from the state or employers
Personal preference
6
Q
Financial institutions and other corporations
A
Employer run schemes or directly to individuals
Proactive in highlighting the need
Burial societies and Stokvels
Trade unions, credit unions and charities
