Defined Contribution (DC): Your pot is built from contributions and investment returns. Jarvis is DC.
Defined Benefit (DB): Also called “final salary.” Retirement income based on salary and years of service. Mainly public sector. Jarvis does not offer DB.
State Pension: Regular payment from the government based on National Insurance record. Claimed at State Pension Age.
Personal Pension / SIPP: A pension you set up yourself. Jarvis can also be used as a personal pension.
Related: What is a defined contribution pension? | Pension glossary
