They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.Use this menu to access essential accompanying documents and information for this legislation item. pension fund administrators (pfa) The Contributory Pension Scheme requires pension funds to be privately managed exclusively by licensed Pension Fund Administrators (PFA). Pension funds. The PFA must also satisfy the Commission that it has the professional capacity to manage pension funds and administer retirement benefits.The Contributory Pension Scheme requires pension funds to be privately managed exclusively by licensed Pension Fund Administrators (PFA). The main functions of the PFA are to open Retirement Savings Account (RSA) for employees; invest and manage pension fund assets; payment of retirement benefits and accounting for all transactions relating to the pension funds under their management. The number of pension funds largely mirrors the number of companies, as pensions have often not merged on an industry-wide basis. Prior to the issuance of an operating license, the PFA must be a limited liability company whose sole object is the management of pension fund assets. The largest 300 pension funds collectively hold about $6 trillion in assets. Dependent on the legislation item being viewed this may include:Click 'View More' or select 'More Resources' tab for additional information including:Different options to open legislation in order to view more content on screen at onceThis is the original version (as it was originally made). The Association of Member Nominated Trustees and the National Association of Pension Funds are the umbrella bodies representing the interests of pension funds collectively. Dependent on the legislation item being viewed this may include:Access essential accompanying documents and information for this legislation item from this tab. In response to growing concerns over funded ratios, the U.S. Congress enacting the Multi-employer Pension Protection Act of 1980 to increase funding requirements and curb bankruptcy fears [23] . The following alphabetical overview shows companies that are currently excluded or under observation. Where the trustees or managers lose their rights as a result the Board is required to consult with them. List of FAS Schemes Scheme Name FAS1or2 Status Actual Transfer Date A & R Carton (UK) Limited Executive Pension & Life Assurance Planx FAS 2 Transferred 07/01/2011 A & R Carton (UK) Limited Pension Fund FAS 2 Transferred 07/02/2011 A G Leach and Company Limited Retirement Benefit Scheme FAS 1 Transferred 01/08/2011 Pension funds typically have large amounts of money to invest and are the major investors in listed and private companies. Learn about the laws that should keep your promised pension benefits intact, some limitations of those laws, and what you can do to protect yourself.
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.In practice, Taft-Hartley plans have many units of local pension funds, under an umbrella group.