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Home > Law > Laws of specific jurisdictions > Financial law: general > Pensions, old-age provisions and private compensation > Pensions: The New Law
Pensions: The New Law

Pensions: The New Law


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About the Book

The Pensions Act 1995 has reformed the administration of pension funds, introducing many of the recommendations of the Goode Committee, which was set up in the aftermath of the Maxwell affair. The Act received Royal Assent in July 1995 and every pension fund in the country is affected. Pension fund professionals and their advisors need to know about these important changes. For example: Who or what is a member-nominated trustee? What is the minimum funding and how will a scheme cope with the requirements? What duties and responsibilities will a trustee have? How should professional advisers be appointed under the new Act? This text is an explanation of these wide-ranging practical implications. It consists of an analytical commentary followed by the full text of the Pension Act 1995.

Table of Contents:
The background to the Pensions Act 1995. The new regulatory structure: the regulator's role; the pensions compensation board; penalties; disqualification. Trustees: member-nominated trustees; the trustees' duties and responsibilities. Member protection: the minimum funding requirement; protection of accrued rights; pensions and divorce; record-keeping. Professional advisers: the changing role of advisers; "blowing the whistle". Winding up of pension schemes: preferential liabilities; deficiencies in the assets; surpluses; independent trustees. Changing to state pensions: the state pension age; changes to SERPS; contracting out; equal treatment. Appendix: full text of the Pensions Act 1995.


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Product Details
  • ISBN-13: 9780853083306
  • Publisher: Lexisnexis UK
  • Publisher Imprint: Jordan Publishing
  • Height: 230 mm
  • Returnable: N
  • ISBN-10: 0853083304
  • Publisher Date: /11/1995
  • Binding: Paperback
  • Language: English
  • Sub Title: The New Law


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