The phrase "a collective scheme" is correct and usable in written English.
It can be used to refer to a plan or strategy that involves a group of people working together towards a common goal.
Example: "The organization developed a collective scheme to address the community's needs and improve local resources."
Alternatives: "a joint plan" or "a collaborative strategy".
"Contracting out" happens when someone has their own, extra pension – either a personal pension or a collective scheme run through their employer.
As part of a plan to nudge people into taking out private pensions, known as auto-enrolment, the British government set up a collective scheme called NEST, with annual fees that equate to just 0.5%.
What does a collective scheme do?
The best way to think of a collective scheme is to see it as being halfway between a defined benefit scheme and a defined contribution scheme.
A collective scheme might therefore involve workers across an industry - such as shop workers, or taxi drivers - rather than a single company.
The producer may choose to fulfil this obligation either individually or by joining a collective scheme.
He quotes a study of Dutch pension schemes showing that while charges for a collective DC scheme were on average 0.15% of total assets, the average charges for an individual DC scheme were 1.27%.
Each collective scheme is marketed by a third party – these include a range of organisations from local authorities to newspapers.
Producers have the option to set up and manage their own EPR scheme, but most choose to delegate this responsibility to a third-party organisation by signing up to a collective compliance scheme such as those run by REPIC or Valpak.
He had previously pleaded guilty to charges of fraud, forgery and operating a collective investment scheme without authorisation.
"Collective switching schemes need to focus on getting bills down for non-switchers". These non-switchers are exactly the target group for thePeoplesPower, a collective switching scheme which is operating on a far more modest scale than the Big Switch.
