Most occupational
pension schemes operate a net pay arrangement.
Consequently, corporate advisers were prompted to focus on liabilities that were contributing most to these deficits and to consider if there was anything that could be done to «manage» them within the legally constrained environment in which DB
pension schemes operated.
In contrast to how normal occupational
pension schemes operated, to be a registered pension scheme there was no need for members of that scheme to have an employment relationship with the employer who had established it.
Not exact matches
More seriously, it enforces compliance with statutory «moral hazard» requirements that can
operate to impose joint and several group - wide liability for
pension scheme underfunding — without any question of fault or bad faith arising.
Advice to the potential purchaser of an insolvent business which
operates a large underfunded defined benefit
pension scheme.
As a result, we enable our clients to get the best out of their people, and to manage and
operate their
pension schemes effectively whilst worrying less about legal compliance and risk.
Anna has spent her entire career advising clients who
operate or sponsor occupational
pension schemes, with a particular expertise in defined benefit
schemes.
Parliament must have intended the Regulations to
operate sensibly in respect of the differing
pension schemes given that they clearly apply to both occupational and personal
pensions even though the definition of «active membership» in s124 (1) of the Pensions Act 1995 does not refer directly to personal pension
pensions even though the definition of «active membership» in s124 (1) of the
Pensions Act 1995 does not refer directly to personal pension
Pensions Act 1995 does not refer directly to personal
pension schemes.
Investcorp's U.S. - based real estate arm received commitments to invest in U.S. commercial real estate debt from several large institutions, including Akard Street Partners, an investment partnership
operated by Hunt Realty Investments, Inc. with substantial funding from the Teacher Retirement System of Texas, as well from a significant U.K. - based
pension scheme.