# Private-run Pension Account

**IRI:** https://folio.openlegalstandard.org/RWO631rpp13LcEogAg36ws

## Labels

**Preferred Label:** Private Pension Scheme

**Alternative Labels:**

- Independent Pension Account

## Definition

A private-run pension account is a retirement savings account managed by a private financial institution, such as a bank or investment firm. These accounts are typically funded by individual contributions and can offer various investment options.

## Sub Class Of

- https://folio.openlegalstandard.org/R7gFwngdoBeiYXxslm69WNk

**Deprecated:** False