Tolley's Basic Guide to Pensions

This handbook is specifically designed with new entrants to the pensions industry and no-pensions professionals in mind. It provides a basic guide to what pensions are and the different types of schemes available and explains the legal framework in layman's terms. Explanations cover: types of pension provision; the legal framework; trustees' duties and liabilities; scheme documents; benefit calculations; funding and valuations; investment; and additional voluntary contributions. A glossary is included of terminology, using Pensions Management Institute definitions, to ensure awareness of all the terms and their meanings.