Document library
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- Author:
- Pensions Board\; Peter Tompkins
GN26: Pension fund terminology. Version 2.1. Covering letter
January 2001 To All Members Dear Member GN 26: Pension Fund Terminology Following publication of the regulations covering pensions sharing on divorce, introduced by the Welfare Reform and Pensions Act 1999, the Pensions Board has revised GN 26: ... read more >>
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- Author:
- R J Chapman; T J Gordon; C A Speed
- Source:
- British Actuarial Journal [BAJ] (2001) 7(4): 605-686
Pensions, funding and risk
In this paper, we identify the economic system in which occupational pension schemes operate. This system includes all parties to the pension arrangement, particularly the members of the scheme and the shareholders of the sponsoring company. This ... read more >>
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GN27: Retirement benefit schemes - Minimum Funding Requirement. Version 1.5
This pensions Guidance Note has been retained by the Actuarial Profession. MAP/GN27 V1.5 B27.1 GN 27: Retirement Benefit Schemes - Minimum Funding Requirement Classification Practice Standard Application An actuary to an occupational pension scheme ... read more >>
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- Author:
- Pensions Board
GN27: Retirement benefit schemes - Minimum Funding Requirement. Version 1.5. Track changes version
This copy of GN27 shows the track changes between versions 1.4 and 1.5. It is not part of the Manual of Actuarial Practice 1 THIS IS A TRACK CHANGES DOCUMENT AND IS NOT PART OF THE MANUAL OF ACTUARIAL PRACTICE GN 27: Retirement Benefit Schemes - Minimum ... read more >>
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GN11: Retirement benefit schemes - transfer values. Version 8.0
This pensions Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. MAP/GN11 V8.0 B11.1 GN11: ... read more >>
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- Author:
- Pensions Board
GN11: Retirement benefit schemes - transfer values. Version 8.0. Track changes version
This copy of GN11 shows the track changes between versions 7.2 and 8.0. It is not part of the Manual of Actuarial Practice 1 THIS IS A TRACK CHANGES DOCUMENT AND IS NOT PART OF THE MANUAL OF ACTUARIAL PRACTICE GN11: Retirement Benefit Schemes - Transfer ... read more >>
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- Author:
- Pensions Board\; Peter Tompkins
GN11: Retirement benefit schemes - transfer values. Version 8.0. Covering letter
November, 2000 To All Members Dear Member GN 11: Retirement Benefit Schemes – Transfer Values Following publication of the regulations covering pensions sharing on divorce, introduced by the Welfare Reform and Pensions Act 1999, the Pensions Board has ... read more >>
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- Author:
- Pensions Board\; Peter Tompkins
GN27: Retirement benefit schemes - Minimum Funding Requirement. Version 1.5. Covering letter
November, 2000 To All Members Dear Member GN27: Retirement Benefit Schemes - Minimum Funding Requirement The Pensions Board has revised GN27: Retirement Benefit Schemes - Minimum Funding Requirement Version 1.5 which comes into effect on 1 December 2000 ... read more >>
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- Author:
- Pensions Board\; Peter Tompkins
Review of the minimum funding requirement: interim changes
The May 2000 report of the Pensions Board to the Government in relation to the MFR review sets out, at Section 5.1, three 'interim' changes which the profession has recommended should be made to the current MFR test, in advance of any longer term changes ... read more >>
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- Author:
- Pensions Board\; Peter Tompkins
Review of the minimum funding requirement. Covering letter
The Pensions Board's Report on the Review of the Minimum Funding Requirement (MFR) has been published by the DSS and the HM Treasury together with a Consultation Document 'Security for Occupational Pensions'. The Pensions Board has arranged a series of ... read more >>
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- Author:
- Pensions Board
Review of the minimum funding requirement [MFR]: report
A report to the Secretary of State for Social Security. The Actuarial Profession making financial sense of the future Review of the Minimum Funding Requirement A report to the Secretary of State for Social Security Pensions Board The Faculty of ... read more >>
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- Author:
- Pensions Board\; Mike Pomery
GN34: Illustration of defined contribution pension benefits. Version 1.0. Covering letter
The Pensions Board has been considering the need for guidance on benefit projections for defined contribution schemes where there was, at that time, considerable activity in employers switching their pension arrangements from final salary to defined ... read more >>
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GN34: Illustration of defined contribution pension benefits. Version 1.0
This pensions Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. MAP/GN34 V1.0 B34.1 GN34: ... read more >>
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GN4: Insolvency of employers: safeguard of pension scheme contributions. Version 2.3
This pensions Guidance Note has been adopted by the Board for Actuarial Standards. The latest version is available on the <a href\="http://www.frc.org.uk/bas/actuarial/index.cfm" target\="external">BAS website</a>. MAP/GN4 V2.3 B4.1 GN4: ... read more >>
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- Author:
- Pensions Board\; Mike Pomery
- Source:
- Scheme Actuary letter
Pensions Act 1995: schedule of contributions
We have heard from auditors and Opra of problems being encountered by auditors at the end of year audit in relation to schedules of contributions (SoC). There are common themes underlying these problems which, at their least serious, cause the auditor to ... read more >>
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- Author:
- P M C Meredith; N P Horsfall; J M Harrison; K Kneller; J M Knight; R F Murphy
- Source:
- Sessional Meeting paper
Pensions and low inflation; Report of a Faculty and Institute of Actuaries Working Party
This working party has considered the pensions implications of a prolonged period of low inflation. Experience in the United States suggests weaker correlation between equity and bond returns and greater overall volatility of returns. Without a further ... read more >>
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- Author:
- Pensions Board\; Mike Pomery
GN4: Insolvency of Employers: Safeguard of Pension Scheme Contributions. Version 2.3. Covering letter
May, 2000 To All Members Dear Member GN4: Insolvency of Employers: Safeguard of Pension Scheme Contributions I attach GN4: Insolvency of Employers: Safeguard of Pension Scheme Contributions version 2.3 which comes into effect on 1 May 2000 as a Technical ... read more >>
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GN31: Actuaries to appropriate personal pension schemes in terms of the Pensions Act 1995. Version 1.1 [Deleted from the Manual of Actuarial Practice on 18 May 2006]
This pensions Guidance Note was deleted 18.05.06 MAP/GN31 V1.1 B31.1 GN31 : Actuaries to Appropriate Personal Pension Schemes in Terms of the Pensions Act 1995 Classification Practice Standard Legislation or Authority Pension Schemes Act 1993 (1993, ... read more >>
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- Author:
- Pensions Board\; Peter Tompkins
Draft Technical Memorandum 1 (TM1) : Statutory Illustrations of Money Purchase Benefits (SMPI). Version 1.0. Covering letter
The Pensions Board is pleased to have been invited by the Department of Social Security to help the Government to provide members of occupational, personal and stakeholder pension schemes with an annual illustration of their money purchase benefits in ... read more >>
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- Author:
- S J Head; D R Adkins; A J G Cairns; A J Corvesor; D O Cule; D J Exley; I S Johnson; J G Spain; A J Wise
- Source:
- British Actuarial Journal [BAJ] (2000) 6(1): 55-141
Pension fund valuations and market values
The traditional approach to United Kingdom pension fund valuations is to use an off-market approach to valuing assets and liabilities. This approach has been called into question for a number of reasons, such as changes to the taxation of U.K. share ... read more >>