What is the difference between Vive and a collective pension?

The difference between Vive and collective pension is summarised briefly:

Collective pension offers risk-sharing and guarantees, but comes with mandatory participation, complex administration, and less flexibility. Continuous costs can also increase based on choices made in the scheme.

Vive’s (pension) annuity solution is optional, quick to set up, fully flexible and transparent, with lower costs and minimal administrative burden. This allows you as the employer to maintain control and offer your team their own responsibility and freedom of choice for their pension.