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Notes List
Tax Table
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Introduction & Glossary
Main Types, attributes and benefits
Types of DB Schemes
Topping up defined benefit schemes
In-house AVCs
Rules and operation
Setting up the scheme
Normal pension age
Bridging pensions
Eligibility
Accrual of benefits
Contributions
Normal retirement, early retirement, ill health and death
Pension at normal pension age
Guaranteed Minimum Pension (GMP)
Pension increase exchange
The Regulator’s principles
Code of Good Practice
PCLS at normal pension age
Early retirement
Ill-health early retirement
Benefits on death
Funding methods and issues
Actuary tasks
Ongoing scheme valuations
Other scheme valuations
Deficits in scheme technical provisions
Role of trustees and others and scheme reporting
Role of trustees
Duties and responsibilities of actuaries, administrators and others
Early leavers, transfer issues and considerations
Refund of employee’s contributions
Preserved pension
Cash equivalent transfer value (CETV)
Enhanced transfer value exercises
Pension transfer rules
Role of trustees
Advising on pension transfers
Introduction
Requiring a personal recommendation
Appropriate pension transfer analysis (APTA)
Transfer Value Comparator (TVC)
Transfer Value Analysis (TVA)
Future rule changes
Public sector schemes
Introduction
Main features
Benefits offered
Transfers
Tests
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Solo 4 (RO4) course
Setting up the scheme
It is governed by a trust
Trustee holds property for member’s benefit
Held in accordance with trust law and the requirements of the Pension Act 1995 and 2004
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