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The Minimum Funding Requirement: The Next Stage of Reform
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).
www.dwp.gov.uk
Myners Report - Institutional Investment in the UK
Commissioned by Her Majesty's Treasury, it criticised the incentives and behaviour of pension fund trustees, investment consulting firms and fund managers.
www.hm-treasury.gov.uk
Association of British Insurers
Trade association for the UK's insurance industry, representing around 400 companies. Includes a section on Life and Pensions.
www.insurance.org.uk
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.
www.hm-treasury.gov.uk
House of Lords Judgment - Equitable Life Assurance Society and Hyman
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?
www.publications.parliament.uk
Issue accounting standards, and recognised for that purpose under the Companies Act 1985. Formerly the Accounting Standards Committee.
www.asb.org.uk
Minimum Funding Requirement Consultation
Consultation document from Her Majesty's Treasury seeking views on the Minimum Funding Requirement applicable to most private sector defined benefit occupational pension schemes.
www.hm-treasury.gov.uk
Faculty and Institute of Actuaries
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.
www.actuaries.org.uk
Occupational Pension Regulatory Authority
Established by the Pensions Act 1995, OPRA supervises the pension industry and employers who administer pension schemes.
www.opra.gov.uk
Institute of Chartered Accountants in England and Wales
A professional accountancy body, operating under a Royal Charter. Career information, news, articles on issues involving accounting.
www.icaew.co.uk
A Simpler Way to Better Pensions
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.
www.dwp.gov.uk
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.
www.hm-treasury.gov.uk
Pensions Protection Investments Accreditation Board
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.
www.ppiab.com
Official text of the Act of Parliament which created the Minimum Funding Requirement and equalised 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.
www.opsi.gov.uk
Insurance Companies (Amendment) Regulations 1995
Amends the Insurance Companies Regulations 1994. Now incorporated into FSA Handbook.
www.opsi.gov.uk