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Glossary

Occupational Pension Scheme
A pension scheme provided by an employer and overseen by Trustees. Occupational Schemes are either Defined Benefit (aka DB, Final Salary) or Defined Contribution (aka DC, Money Purchase).
Ongoing Adviser Charge
An Adviser Charge for advice and services provided on an ongoing basis.
Ongoing Consultancy Charge
A Consultancy Charge for advice and services provided on an ongoing basis.
Opting-In
From 2012, those employees who are not automatically enrolled into a pension scheme can require their employer to opt them in.
Opting-Out
The facility for a person to formally opt out of pensionable employment.
Origo Technical Group
This group's primary role is to agree elements of technical strategy across all of Origo's Standards. The group has an IT focus, with members' skill set equivalent to those found in a function, common to many institutions, known as the Technical Design Authority.