Cross border – new order


The Pensions Act 2004 transposed the cross border requirements of the European Pensions Directive into UK law. The reason the designation as a cross-border pension scheme is important is that it brings with it a need to be “fully funded at all time”. The Cross Border Activites Regulations 2005 which detail the exact conditions and procedures schemes must follow to enter into cross border activity have at last been finalised – and there are some significant changes from the draft published for consultation in September.

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