Basic Guide to Pensions

Aimed at professionals that are new to the pensions industry or non-pensions professionals (such as MNTs or directors), this guide outlines how the pensions industry operates and gives an overview of pensions law and practice. It serves as a practical and essential guide to the industry and is a useful supplement to on-the-job or formal training programmes, easing management time and enhancing learning. Its coverage includes looking at different types of pension provision, the legal framework, the documents that a pensions scheme has, information that should be given to members, benefit calculations and AVCs, the role of different personnel (such as trustees, actuaries, auditors, and custodians) and their duties and liabilities, and scheme administration.