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Technical Provisions |
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The amount required (as calculated by the Scheme Actuary) to provide for a final salary scheme’s liabilities. |
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The Pensions Advisory Service (TPAS) |
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An independent non-profit organisation that provides free information, advice and guidance on the whole spectrum of pensions, including state, company, personal and stakeholder schemes. |
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The Pensions Regulator (tPR) |
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The UK regulator of work-based pension schemes. |
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Triviality |
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Allows a member of an occupational pension scheme to withdraw all pension benefits as a lump sum. This is generally restricted to small pension pots that have a capital value of less than 1% of the lifetime allowance, and to members that are aged between 60 and 75. |
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Trust Deed & Rules |
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The legal document that defines how the Kingfisher Pension Scheme should be operated. |
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Trustee |
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The Trustee is responsible for implementing the rules and any other legislation applicable to a pension scheme. The Trustee of the Kingfisher Pension Scheme is Kingfisher Pension Trustee Limited. |
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