DB Examination Administrative Issues Of Defined Benefit Plans Practice Exams And Study Guide

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Defined benefit pension plans -- Examinations -- Study guide. Contents Machine derived contents note: Introduction to Defined Benefit Plans 2. Determining Accrued Benefits 3. Hybrid Defined Benefit Pension Plans 5. Post-Normal Retirement Age Accruals 6. Coverage, Participation and Nondiscrimination 9.

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Permitted Disparity Distribution Issues Special Events Notes Includes bibliographical references p. View online Borrow Buy Freely available Show 0 more links Related resource Table of contents at http: None of your libraries hold this item. Found at these bookshops Searching - please wait We were unable to find this edition in any bookshop we are able to search.

Trustees who are not appropriately authorised or exempt are generally restricted to making strategic decisions. These include decisions about:. There are two circumstances in which you are required by law to obtain and consider investment advice:. The risk that an asset used for hedging a liability responds differently to changes in market conditions from the liability that it is hedging. For example, when an asset based on interest rate swaps is used to hedge a gilt based liability valuation. Bonds purchased with a view to holding them to maturity unless the probability of default for a particular bond held rises to unacceptable levels.

If this occurs, the bond would be sold and a replacement purchased. The additional contributions that would be required in order to achieve the scheme funding objective without changing the time horizon if a significant downside event occurred; often considered together with the corresponding VaR. Assets available to compensate an investor in the event of the other party to an obligation defaulting on their obligation.

Posting collateral or receiving collateral in respect of an arrangement where collateral is required to manage credit risks; typically found, for example, in connection with LDI arrangements. Plans setting out actions that will be undertaken in certain circumstances to limit the impact of risks that materialise or to introduce additional risk capacity. The extent to which values of different types of investments tend to move in tandem with one another in response to changing economic and market conditions.

An arrangement or product such as a future, option, or warrant with a value derived from and dependent on the value of an underlying asset, such as a commodity, currency, or security. Ways of investing which relate to transferable securities and approved money-market instruments and which fulfil the following criteria:. Governance model where a potentially significant amount of decision-making is delegated to a third party.

An agreed, transparent and consistent way of thinking about financial markets in the specific context of a given investor, based on research and experience.

Formal arrangement stipulating the terms under which the manager is authorised to act on behalf of the investor to manage the assets listed in the agreement. The agreement establishes the extent to which the adviser may act in a discretionary capacity to make investment decisions based on a prescribed strategy. Liability driven investment; a strategy designed to manage scheme liability risks.

The degree to which an asset or security can be quickly bought or sold in the market with minimum price disturbance. Risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. Collective investment schemes where funds from multiple asset owners are aggregated for the purposes of investment.

Risk that future coupons from a bond will not be reinvested at the prevailing interest rate from when the bond was initially purchased. Risk in a hedging strategy using short term derivative contracts that it may not be possible to renew the contracts, either at all or at an acceptable price. A fund run exclusively for the pension scheme where the portfolio is tailored specifically for the needs of the scheme.

Investment strategy where the investor sells shares of borrowed stock in the open market, hoping to buy them back for a profit after their price has fallen. The exercise of ownership rights, including engagement and voting, to protect and enhance the long-term value of investments. Identifying variables that affect the finances of the scheme or employer, changing the values of those variables, and seeing what effect this has.

This helps identify which variables are most important, through their impact on covenant, funding and investment. Meeting present and future needs through the management of long-term risks and opportunities, which involves considering ESG issues and wider societal impacts. This is a measure of the variation in the value of a liability, investment, market or parameter.

This is commonly used as an indicator of risk. Milestone for workplace pensions regulation as TPR launches new approach. Home Employers Managing a scheme Contributions and funding Reporting duties DB scheme funding and costs Retirement options for DC members Reviewing a scheme Communicating with your scheme members Stakeholder pensions Closing your scheme.

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Automatic enrolment duties I'm an employer who has to provide a pension I'm an employer who doesn't have to provide a pension now Re-enrolment duties See your re-enrolment duties Next re-enrolment if you're re-enrolling again. Useful links Declaration or re-declaration of compliance Ongoing duties Increase of automatic enrolment contributions What happens if I don't comply?

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DC benefits management Maintaining contributions. Automatic enrolment guide for business advisers About automatic enrolment Duties for new employers Being a point of contact Checking who to enrol Working out your client's costs Checking records and payroll processes Choosing a pension scheme Assessing and enrolling staff Writing to your client's staff Knowing your client's ongoing duties Completing the declaration of compliance Re-enrolment Supporting resources.

DB benefits management Funding and investment Scheme governance and controls Keeping records Contributions Providing information to members Managing conflicts of interest Corporate transactions and changes Scheme governance: Mixed benefit scheme management. Setting up a scheme Closing a scheme. Featured DB Code DC Code Consultations Automatic enrolment Employers are likely to ask you for help to choose and run a good quality pension scheme for automatic enrolment.

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Exchange Use Exchange to: Understanding your role An introduction to trusteeship Ongoing learning and development Detailed guidance for trustees Protect your members from scammers. Managing DC benefits 1. The trustee board 2. Scheme management skills 3.

Value for members 6. Master trust pension schemes Check if your scheme is a master trust Authorisation of existing master trusts Triggering event duties for master trusts Authorisation of new master trusts Master trust assurance Managing a scheme with mixed benefits. Featured Exchange Pension scams Trustee toolkit Our free elearning programme to help trustees understand their role.

Automatic enrolment detailed guidance Regulatory guidance Codes of practice Code-related guidance Consultations Statements. Research and analysis Strategy and policy Forms available for download Corporate information Enforcement activity.

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Featured report Automatic enrolment monthly declaration of compliance report PDF, 92kb, 5 pages This is a rolling report starting from July which we update monthly. Document library In this section. Automatic enrolment detailed guidance Regulatory guidance Abandonment of DB pension schemes Assessing and monitoring the employer covenant Asset-backed contributions Clearance Conflicts of interest Corporate transactions Cross-border schemes Cyber security principles for pension schemes DB investment DB to DC transfers and conversions Incentive exercises Integrated risk management Lump-sum death benefits Mortality assumptions Multi-employer schemes and employer departures Record-keeping Relations with advisers Scheme funding and clearance case studies Scheme funding FAQs Transfer values Trustee guidance Trustee knowledge and understanding Winding up Codes of practice Code-related guidance Consultations Statements Research and analysis Strategy and policy Forms available for download Corporate information Enforcement activity.

Document library Automatic enrolment detailed guidance Regulatory guidance Abandonment of DB pension schemes Assessing and monitoring the employer covenant Asset-backed contributions Clearance Conflicts of interest Corporate transactions Cross-border schemes Cyber security principles for pension schemes DB investment DB to DC transfers and conversions Incentive exercises Integrated risk management Lump-sum death benefits Mortality assumptions Multi-employer schemes and employer departures Record-keeping Relations with advisers Scheme funding and clearance case studies Scheme funding FAQs Transfer values Trustee guidance Trustee knowledge and understanding Winding up Codes of practice Code-related guidance Consultations Statements Research and analysis Strategy and policy Forms available for download Corporate information Enforcement activity.

Advisers - Trustees Summary: Investment guidance for trustees and advisers running schemes that offer defined benefits. Understanding your legal duties.

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