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Pension trustee personal statement

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Pensions trustees have been warned to produce a chair's statement which is compliant with the law, after fines against two schemes were upheld in court. The Pensions Regulator TPR took action against the two schemes after discovering trustees had failed to include the required information in their annual statement. The judges on both tribunal cases agreed that penalties for non-compliance were mandatory, the chair's statements were non-compliant with the law and TPR was right to issue the fines. In the case brought by EC2, trustee of Autoenrolment.
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Legal structures of pension schemes

Pension trustee personal statement
Pension trustee personal statement
Pension trustee personal statement
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Trustees | The Pension SuperFund

Petra Trust Company Limited is a leading corporate trustee authorized by the National Pensions Regulatory Authority NPRA to manage pension schemes and provide support services to individuals and organizations in Ghana. We manage the pensions of thousands of employees from leading multinational organizations, government agencies as well as top private sector organizations. Petra Trust also offers personal pension and other distinct financial planning solutions for individuals who desire to save towards their dreams or retirement. We pride ourselves in providing exceptional customer experience, unrivaled investment performance and operational efficiency. Our ultimate aim is to partner with you to achieve your dreams.
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The information within this website has been approved for UK financial advisers only. An explanation of the different legal structures for pension schemes, including personal and group pensions and master trusts. Contract-based schemes are governed by individual contracts between the member and the pension provider. Trustees of a trust-based group scheme need to understand trust law and legislation and are responsible for investments, preparing annual reports, audits and paying for any trustee liability insurance.
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The Pensions Authority is a statutory body set up under the Pensions Act As a trustee of an occupational pension scheme, also called a company pension scheme, you have duties and responsibilities under trust law, under other relevant legislation and under the Pensions Act, A pension scheme is a type of trust and a company pension scheme is a good example of one. In its simplest form, a trust is an arrangement under which assets are held and looked after on behalf of others called beneficiaries.
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