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In 1988 members of money purchase pension schemes were allowed to opt-out for the first time.
Payments arising from contributions into a money purchase pension scheme (also known as a defined contribution pension scheme) are not required to increase.
Contracted-out Guidance for Money Purchase Pension Schemes and Money Purchase Overseas Schemes.
Termination of Contracted-out Employment - Manual for Money Purchase Pension schemes and Money Purchase Parts of Mixed Benefit schemes - Internet only.
Houldsworth v Bridge Trustees Ltd [2011] UKSC 42 is a UK pensions and UK labour law case concerning the difference between a final salary and a money purchase pension scheme.