Search results

Of course it is, if the income is sufficient. I'm not sure what you're struggling with - there's a sum of money - the fund - which has incomings - contributions by members and employers, investment growth - and outgoings - pension payments, fund managers' fees. The incomings over time have to...

Possible, rather than probable; that's why we have actuaries.

If not then they will make a more effective investigation and report, which would benefit their members.

Do you mean their geographic area? It is certainly the responsibility of the Trading Standards department of the Local Authority to enforce the General Product Safety Regulations 2005 - see http://www.legislation.gov.uk/uksi/2005/1803/regulation/10/made

They are the Association of Manufacturers of Domestic Electrical Appliances.

Yes, one company I know, having decided to close their DB scheme, let their HR department set up a 'stakeholder' pension - when Finance looked at the scheme chosen they found that the charges were 1.6% p.a.!

Don't forget the existence of a fund, into which the employer pays as well, the amount being determined by actuaries and dependent on both the amount of existing employees' contributions and the liabilities, i.e. pensioners.

The arrangement I was suggesting can (and does) exist alongside a pension fund. Perhaps I should have written "isn't it also the case that those people's contributions (as well as the investment income from those contributions) will have been used to partially fund the much lower pensions of...

A Final Salary scheme is one common example of a Defined Benefit scheme. Before the restructuring my company's scheme paid out an amount that depended on length of service and a notional salary that was the average of the best 3 out of the last 11 years' service. Many employees therefore 'wound...

What exactly is that switch on the right?

Yes, but isn't it also the case that those people's contributions (as well as the investment income from those contributions) will have been used to fund the much lower pensions of those who preceded them?

Why?

AMDEA might also be interested.

Trading Standards.

Unlikely that a VFD will help - they are a good solution for 3-phase motors, but won't work with a capacitor start single phase. How many poles is your motor? (How many terminals are in the terminal box)

Thanks.

What are those graphs?

I think you're confusing Defined Benefit and Defined contribution schemes. The accrual rates and contribution bands had been altered such that the actuaries employed by the Trustees for that pension felt there was little risk that the schemes would fail to pay out the expected pensions, given...

Perhaps not directly, but what about the effect it had on the stock market? Remember I'm talking about a final salary scheme, not a DC scheme.

The scheme had already been restructured to ensure its viability.