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Experiences Of Occupational Pension Scheme Wind Up
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Author :Great Britain: Parliamentary and Health Service Ombudsman Publisher :The Stationery Office ISBN 13 :9780102937343 Total Pages :264 pages Book Rating :4.9/5 (373 download)
Book Synopsis Trusting in the Pensions Promise by : Great Britain: Parliamentary and Health Service Ombudsman
Download or read book Trusting in the Pensions Promise written by Great Britain: Parliamentary and Health Service Ombudsman and published by The Stationery Office. This book was released on 2006-03-14 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report sets out the results of the Ombudsman's investigation into over 200 complaints about the security of final salary occupational pension schemes and alleged delays in the winding-up of certain such schemes, and the involvement of public bodies in this matter. Chapter 1 explains the Ombudsman's role and jurisdiction and the background to the investigation. Chapter 2 details the complaints, and the Government's initial response; chapter 3 sets out the results of further enquiries to help understand the context of the complaints. The fourth chapter provides the evidence that the investigation has disclosed through consideration of departmental files, official publications and other documentary sources. Chapters 5 and 6 contain the findings and the recommendations. The seventh chapter gives the Ombudsman's assessment of the Government response (appendix D) to the report, and the final chapter is the Ombudsman's conclusion. The Ombudsman makes three findings of maladministration by public bodies: (i) official information about the security that members of final salary schemes could expect from the minimum funding requirement (MFR) was sometimes inaccurate, often incomplete, largely inconsistent and therefore potentially misleading; (ii) the response by DWP to the actuarial profession's recommendation that disclosure should be made to pension scheme members of the risks of wind-up and the risks to accrued pension rights; (iii) the decision in 2002 by DWP to approve a change to the MFR basis. This maladministration was a significant contributory factor in the creation of the financial losses suffered by individuals, amounting to injustice. Recommendations include restoration of the core pension and non-core benefits and some consolatory payments to those fully covered by the recommendations, an apology to scheme trustees for the effects of the maladministration, and a review with the pensions industry to improve the time taken to wind up schemes. The Government, however, is minded not to comply with all of the recommendations, and so the Ombudsman reports to both Houses of Parliament that she has identified injustice caused by maladministration which the Government does not propose to remedy.
Book Synopsis The Myners Principles and Occupational Pension Schemes: Findings from case study research by : Sarah Horack
Download or read book The Myners Principles and Occupational Pension Schemes: Findings from case study research written by Sarah Horack and published by . This book was released on 2003 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Myners Principles and Occupational Pension Schemes: Findings from quantitative research by : Sarah Horack
Download or read book The Myners Principles and Occupational Pension Schemes: Findings from quantitative research written by Sarah Horack and published by . This book was released on 2004 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Handbook of Work-based Pension Schemes by : Adam Jolly
Download or read book The Handbook of Work-based Pension Schemes written by Adam Jolly and published by Kogan Page Publishers. This book was released on 2013-01-03 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: From Autumn 2012, all UK employers will be expected to start offering a pension to any employee who earns more than £5,000. This compulsory measure has far-reaching consequences for all players: not only will many new pension customers be brought into the market, but companies face strict deadlines and major fines if they do not comply. The Handbook of Work-based Pension Schemes takes a practical approach to the many issues and crucial decisions now facing employers. Choose the right course of action and pensions can become a powerful incentive for employees, but make a mistake and the consequences can be far-reaching and expensive. Published in association with the Institute of Directors, the book is designed to ensure that this new pensions system fulfills its promise to both employers and employees.
Book Synopsis Workplace Law Handbook 2011 by : Alex Davies
Download or read book Workplace Law Handbook 2011 written by Alex Davies and published by Workplace Law Group. This book was released on 2011-06 with total page 554 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Experiences of Occupational Pension Scheme Wind-up by : Karen Bunt
Download or read book Experiences of Occupational Pension Scheme Wind-up written by Karen Bunt and published by . This book was released on 1998 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The First Effects of Earnings Top-up by : Louise Finlayson
Download or read book The First Effects of Earnings Top-up written by Louise Finlayson and published by . This book was released on 2000 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Reforming Public Pensions Sharing the Experiences of Transition and OECD Countries by : OECD
Download or read book Reforming Public Pensions Sharing the Experiences of Transition and OECD Countries written by OECD and published by OECD Publishing. This book was released on 2004-01-07 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This conference proceedings compares public pension reform efforts in Central and Eastern Europe with those in other OECD countries, looking at the reasons for reform, policy choices and constraints, the well-being of older people, distributional consequences of reform, and implementation.
Book Synopsis Pension Schemes and Pension Funds in the United Kingdom by : David Blake
Download or read book Pension Schemes and Pension Funds in the United Kingdom written by David Blake and published by . This book was released on 2003 with total page 756 pages. Available in PDF, EPUB and Kindle. Book excerpt: Never has there been so much media interest in pensions as there is currently. Never has the pensions world changed so rapidly as it has over the last few years. This new edition of Pension Schemes and Pension Funds in the United Kingdom provides the latest information on all the key state and private pension schemes operating in the UK within the context of its long historical development since medieval times. It also examines government pensions policy over the last twenty years, and looks ahead to future trends and concerns.
Book Synopsis Low- and Moderate-income Families in Britain by : Alan Marsh
Download or read book Low- and Moderate-income Families in Britain written by Alan Marsh and published by . This book was released on 2002 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Recruiting Benefit Claimants by : Karen Bunt
Download or read book Recruiting Benefit Claimants written by Karen Bunt and published by . This book was released on 2001 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Evaluation of the Minimum Income Guarantee Claim Line by : Karen Bunt
Download or read book Evaluation of the Minimum Income Guarantee Claim Line written by Karen Bunt and published by . This book was released on 2001 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Self-funded Admissions to Care Homes by : Ann Netten
Download or read book Self-funded Admissions to Care Homes written by Ann Netten and published by . This book was released on 2001 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Role of GPs in Sickness Certification by : Julia Hiscock
Download or read book The Role of GPs in Sickness Certification written by Julia Hiscock and published by . This book was released on 2001 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Modernising Service Delivery by : Dorothy Chang
Download or read book Modernising Service Delivery written by Dorothy Chang and published by . This book was released on 2001 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis First Effects of ONE by : Hazel Green
Download or read book First Effects of ONE written by Hazel Green and published by . This book was released on 2000 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Outcomes for Children of Poverty by : John Ermisch
Download or read book Outcomes for Children of Poverty written by John Ermisch and published by . This book was released on 2001 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
