Buy-ins: Basics
A “buy-in” is simply an annuity held in the trustees’ name. By contrast a “buy-out” is an annuity held in the member’s name. Buy-ins are simply another scheme investment and are attractive to employers...
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A “buy-in” is simply an annuity held in the trustees’ name. By contrast a “buy-out” is an annuity held in the member’s name. Buy-ins are simply another scheme investment and are attractive to employers...
A buy-out is the bulk purchase of annuities in respect of some (partial) or all (full) of the members of a pension scheme. The difference between a buy-out and a buy-in is that, in the former, the annuities are purchased in the names of...
The trustees of an occupational DB pension scheme are required to prepare, and from time to time review and if necessary revise, a schedule of contributions. The schedule sets out the rates of the contributions payable to the scheme and...
The scheme funding provisions contained in the PA04 require trustees to prepare a statement of funding principles (SFP) for ensuring, amongst other things, that the statutory funding objective (SFO) is met. The SFO requires a DB scheme to...
Introduction TPR has published its revised code of practice, Funding Defined Benefits, along with a number of connected documents. The new code of practice and other documents look forward to the introduction of the sustainable growth...
Background TPR issued a consultation on DB scheme funding on 2 December 2013. The suite of draft documents on scheme funding are: the consultation document, Regulating defined benefit pension schemes a draft code of practice, Funding...
Introduction TPR published its promised consultation on DB scheme funding on 2 December 2013, setting out the principles for DB funding and how TPR plans to regulate it. A new code of practice and other documents look forward to the new...
