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The Pensions Regulator (TPR) is a non-departmental public body which regulates work-based pension schemes in the United Kingdom. Created under the Pensions Act 2004, the regulator replaced the Occupational Pensions Regulatory Authority (OPRA) from 6 April 2005 [1] and has wider powers and a new proactive and risk-based approach to regulation.
The European Insurance and Occupational Pensions Authority (EIOPA) is a European Union financial regulatory agency. It was established in 2011 under Regulation (EU) No 1094/2010. It was established in 2011 under Regulation (EU) No 1094/2010.
European Insurance and Occupational Pensions Committee (EIOPC) is a regulatory and legislative policy body within the European Union. It was established by the European Commission 's Decision 2004/6/EC of 5 November 2003.
The first Act to follow was the Pensions Act 2004, which updated regulation by replacing the Occupational Pensions Regulatory Authority (OPRA) with the Pensions Regulator and relaxing the stringency of minimum funding requirements for pensions, while ensuring protection for insolvent businesses.
An occupational pension fund, also referred to as an employer funded or employer administered scheme, is a pension offered by an employer to an employee's retirement scheme. [1] Within the European Union (EU), these pension funds can vary throughout certain Member States due to differences in retirement ages in Europe , salaries and length of ...
The Occupational Pensions Regulatory Authority was perceived as being reactive, didactic and uncommercial. The minimum funding requirement had not prevented some pension schemes winding up with insufficient assets to secure their liabilities, amid considerable publicity.
Occupational Pensions Regulatory Authority, a former UK government body; Open Public Records Act in New Jersey This page was last edited on 2 ...
The establishment of the Occupational Pensions Regulatory Authority; The Minimum Funding Requirement (MFR) to ensure that all pension schemes had a minimum amount of money; A compensation fund for pension schemes in the event of fraud; Protection for existing pension scheme benefits so that they could not be reduced in the future without member ...