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discretionary pension benefit

85

  1. (1) (in SYSC 19C) enhanced pension benefits granted on a discretionary basis by a firm to an employee as part of that employee's variable remuneration package, but excluding accrued benefits granted to an employee under the terms of his company pension scheme.[Note: article 4(49) of the Banking Consolidation Directive]
  2. (2) (in IFPRU,9696SYSC 19A(IFPRU Remuneration Code) and SYSC 19D (Dual-regulated firms Remuneration Code) 96) has the meaning in article 4(1)(73) of the UK CRR124.