Publisher's Synopsis
The Pensions Act 1995 has reformed the administration of pension funds, introducing many of the recommendations of the Goode Committee, which was set up in the aftermath of the Maxwell affair. The Act received Royal Assent in July 1995 and every pension fund in the country is affected. Pension fund professionals and their advisors need to know about these important changes. For example: Who or what is a member-nominated trustee? What is the minimum funding and how will a scheme cope with the requirements? What duties and responsibilities will a trustee have? How should professional advisers be appointed under the new Act?;This text is an explanation of these wide-ranging practical implications. It consists of an analytical commentary followed by the full text of the Pension Act 1995.
