Pension Schemes
Pension Schemes |
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| Since the introduction of the Pensions Act 1995, the administrative requirements of operating self administered and other types of pension scheme have become highly complex. | |
| Trustees need to be aware of the various duties imposed upon them by this Act, and how they must report to members of their scheme and, where applicable, the industry regulator, OPRA. | |
| Some schemes require accounts preparing, whilst others can claim advantages of a statutory exemption. | |
| The same principle applies to the audit requirement, which is only mandatory under statute for certain types of schemes. Other schemes require an audit under their trust deed. | |
| Our experience is varied and includes: | |
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Small Self Administered Pension Schemes |
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Wholly Insured Occupational Schemes |
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Executive Pension Plans |
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Both Money Purchase and Final Salary Schemes |
| Most Trustees are seconded into this role for the company pension scheme. We have found that many such individuals need guidance in this area of business administration. | |
We
do not charge for all such initial consultations. |
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