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Pensions


Pensions
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1.  Pension Info open in new window
Get info on pension from 12 engines in 1.
www.info.co.uk
)

2.  Get Expert Pension Help & Advice open in new window
Is your pension in the right place for you? Let us guide you. Independent and impartial advice to find the right option for you.
http://www.transferyourpension.co.uk
)

3.  Find Pensions at TheHighStreetWeb.com.com open in new window
Choose from a variety of the UK's favourite pension specialists. Save for your retirement now with a tax-efficient, flexible pension. Find it all at theHighStreetWeb.
www.thehighstreetweb.com
)

Click here to view additional sponsored listings

2002 Pensions Green Paper open in new window
Department of Work and Pensions consultation document on the future of UK pensions provision. Includes proposals for raising retirement ages for some government employment. Links to full report, technical paper, press release and other pensions documents, as well as ordering information.
(http://www.dwp.gov.uk/consultations/consult/2002/pensions/)

A Simpler Way to Better Pensions open in new window
The "Pickering Report", produced for the Department of Work and Pensions and published on 11 July 2002. Full text of the committee's conclusions and recommendations.
(http://www.dwp.gov.uk/publications/dwp/2002/pickering/report)

Accounting Standards Board open in new window
Issue accounting standards, and recognised for that purpose under the Companies Act 1985. Formerly the Accounting Standards Committee.
(http://www.asb.org.uk/)

Association of British Insurers open in new window
Trade association for the UK's insurance industry, representing around 400 companies. Includes a section on Life and Pensions.
(http://www.insurance.org.uk/)

Department of Work and Pensions open in new window
Summary of responses to MFR consultation.
(http://www.dwp.gov.uk/consultations/consult/2002/mfr/)

Department of Work and Pensions - next stage of MFR reform open in new window
Announcement of new regulations effectively abolishing MFR.
(http://www.dwp.gov.uk/mediacentre/pressreleases/2002/feb/pen)

Equitable Life - The Way Forward open in new window
Legal opinions and news of pending actions.
(http://194.202.202.58/equitable/moreInformation/default.htm)

EU Insurance Regulations open in new window
Links to EU information on all aspects of the insurance business, including regulation.
(http://europa.eu.int/comm/internal_market/insurance/index_en)

Faculty and Institute of Actuaries open in new window
The Faculty of Actuaries in Edinburgh and the Institute of Actuaries in London and Oxford are the two professional bodies for actuaries in the United Kingdom.
(http://www.actuaries.org.uk/)

Faculty and Institute of Actuaries open in new window
List of links relating to the Minimum Funding Requirement and its rules.
(http://www.actuaries.org.uk/pensions/mfr_index.html)

Faculty and Institute of Actuaries - Pensions open in new window
Guidance notes for actuaries, including GN27 (Retirement Benefit Schemes - Minimum Funding Requirement), GN29 (Occupational Pension Schemes: Advisers to the trustees or a participating employer) and GN36 (Accounting for retirement benefits under FRS 17).
(http://www.actuaries.org.uk/pensions/index.html)

Financial Services and Markets Act 2000 open in new window
Full text of the Act that currently governs UK financial market regulation.
(http://www.hmso.gov.uk/acts/acts2000/20000008.htm)

Financial Services Authority open in new window
FSA Consultation Paper on its plan to define capital adequacy. Full text and feedback form.
(http://www.fsa.gov.uk/pubs/cp/136/index.html)

FSA Handbook of rules and guidance open in new window
Handbook that superseded most of the Insurance Companies Regulations and other delegated legislation with the coming of "N2", specified in the Financial Services Act, on 1st December 2001. Links to all sections, providing full text, maintained by the SFA.
(http://www.fsa.gov.uk/handbook/)

Her Majesty's Treasury open in new window
Voluntary Code for Pension Fund Investment. Revised set of principles of investment for pension funds, and the official MHT response to the Myners review of institutional investment, giving some updates on how the recommendations of the review are being taken forward.
(http://www.hm-treasury.gov.uk/Newsroom_and_Speeches/Press/20)

House of Commons Hansard Debates for 20 Jan 2003 on Occupational Pensions open in new window
An Opposition Day debate on the allocation of pension funds on wind-up citing cases such as ASW and Maersk. Full transcript, including contributions from the Pensions Minister of the time, Ian McCartney, and outspoken previous Minister, Frank Field.
(http://www.parliament.the-stationery-office.co.uk/pa/cm20020)

House of Lords Judgment - Equitable Life Assurance Society and Hyman open in new window
The directors "shall apportion the amount of such declared surplus by way of bonus among the holders of the participating policies on such principles, and by such methods, as they may from time to time determine." But what does that mean?
(http://www.publications.parliament.uk/pa/ld199900/ldjudgmt/j)

Institute of Chartered Accountants in England and Wales open in new window
A professional accountancy body, operating under a Royal Charter. Career information, news, articles on issues involving accounting.
(http://www.icaew.co.uk/)

Insurance Companies (Amendment No. 2) Regulations 1996 open in new window
Statutory Instrument 1996 No. 944. Now incorporated into FSA Handbook.
(http://www.hmso.gov.uk/si/si1996/Uksi_19960944_en_1.htm)

Insurance Companies (Amendment) Regulations 1995 open in new window
Amends the Insurance Companies Regulations 1994. Now incorporated into FSA Handbook.
(http://www.hmso.gov.uk/si/si1995/Uksi_19953248_en_1.htm)

Insurance Companies (Amendment) Regulations 1996 open in new window
Further amending the Insurance Companies Regulations 1994. Now incorporated into FSA Handbook.
(http://www.hmso.gov.uk/si/si1996/Uksi_19960942_en_1.htm)

Insurance Companies Regulations 1994 open in new window
Includes parts IV (Margins of Solvency) and IX (Determination of Liabilities). Now incorporated into FSA Handbook.
(http://www.hmso.gov.uk/si/si1994/Uksi_19941516_en_1.htm)

Local Government Pension Scheme Regulations 1997 open in new window
Main page for Statutory Instrument 1997 No. 1612.
(http://www.hmso.gov.uk/si/si1997/1971612.htm)

Local Government Pension Scheme Regulations 1997 open in new window
Statutory Instrument 1997 No. 1612, para 77, about actuarial valuation of the assets and liabilities of Local Government Pension Schemes.
(http://www.hmso.gov.uk/si/si1997/71612--j.htm#77)

Maersk Sealand Defined-Benefit Plan Wind-Up open in new window
The company's explanation for its decision to wind up the Sea-Land defined benefit scheme. This is an early example of the use of the wind-up option which allows companies to close schemes under the 1995 Pensions Act, paying pensioners in full but paying deferred members only the MFR valuation of their benefits. The move saved Maersk around £35mio, according to the company's figures.
(http://www.maersk.co.uk/viewlist.htm)

Minimum Funding Requirement Consultation open in new window
Consultation document from Her Majesty's Treasury seeking views on the Minimum Funding Requirement applicable to most private sector defined benefit occupational pension schemes.
(http://www.hm-treasury.gov.uk/consultations_and_legislation/)

Myners comment on MFR open in new window
A preliminary comment on MFR from Paul Myners's team.
(http://www.dss.gov.uk/publications/dss/2000/myner/index.htm)

Myners Report - Institutional Investment in the UK open in new window
Commissioned by Her Majesty's Treasury, it criticised the incentives and behaviour of pension fund trustees, investment consulting firms and fund managers.
(http://www.hm-treasury.gov.uk/newsroom_and_speeches/press/20)

Occupational Pension Regulatory Authority open in new window
Established by the Pensions Act 1995, OPRA supervises the pension industry and employers who administer pension schemes.
(http://www.opra.gov.uk/)

Pension Scheme Trustee open in new window
Advertising the newsletter that provides comment on current legislation, UK and EC case law and statutes.
(http://www.informafinance.com/pst)

Pensions Act 1995 open in new window
Official text from the HMSO of the Act of Parliament which created the Minimum Funding Requirement and equalized the retirement ages of men and women. Full text (in HTML) divided by Sections and Subsections, as well as details of the bound copy including online purchase.
(http://www.hmso.gov.uk/acts/acts1995/Ukpga_19950026_en_1.htm)

Pensions Protection Investments Accreditation Board open in new window
The PPIAB is the organisation that assesses and accredits brands in the long-term savings industry. Site includes a list of the brands currently accredited, and advice on how to complain.
(http://www.ppiab.com/)

Pensions Today open in new window
Advertising the specialist newsletter that provides information on legislation developments affecting UK pensions.
(http://www.informafinance.com/pt)

The Minimum Funding Requirement: The Next Stage of Reform open in new window
A September 2001 publication of the Department of Work and Pensions, outlining the Department's proposals for a future UK pensions regulatory regime. Full text in pdf format (36 pages).
(http://www.dwp.gov.uk/consultations/consult/2001/mfr_next/mf)

The Occupational Pension Schemes (Deficiency on Winding Up) Regulations 1996 open in new window
Full text of the regulations governing the winding up of UK pension schemes under the 1995 Pensions Act in the case of a deficiency of assets over liabilities.
(http://www.legislation.hmso.gov.uk/si/si1996/Uksi_19963128_e)

The Occupational Pension Schemes (Investment) Regulations 1996 open in new window
Full text of the regulations restricting investments by pension schemes in the sponsoring company under the 1995 Pensions Act.
(http://www.legislation.hmso.gov.uk/si/si1996/Uksi_19963127_e)

The Occupational Pension Schemes (Minimum Funding Requirement and Actuarial Valuations) Regulations 1996 open in new window
Full text of the regulations governing the Minimum Funding Requirement under the 1995 Pensions Act.
(http://www.legislation.hmso.gov.uk/si/si1996/Uksi_19961536_e)

The Occupational Pension Schemes(Winding Up) Regulations 1996 open in new window
Full text of the regulations governing the winding up of UK pension schemes under the 1995 Pensions Act.
(http://www.legislation.hmso.gov.uk/si/si1996/Uksi_19963126_e)

The Pensions Institute open in new window
A unit of Birkbeck College, University of London, devoted to the research of the evolution of UK pensions. Details of research undertaken, virtual library of pension resources as well as general information such as research grants available and upcoming conferences.
(http://www.bbk.ac.uk/res/pi/)

The Sandler Review open in new window
A review of medium- and long-term retail savings in the UK, commissioned by the Treasury and published on 9 July, 2002. Full text (via links to sections) and links to relevant press notices.
(http://www.hm-treasury.gov.uk/Documents/Financial_Services/S)


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