Examples of UK DB Schemes in a sentence
We would welcome such consolidation as likely to result in greater allocation of assets held in UK DB Schemes to private equity and venture capital and more efficiency in the provision of benefits.
This could harm the attractiveness of the UK market and of sponsors of UK DB Schemes in particular.
No debt has become due or has been treated as becoming due under Section 75 or Section 75A of the UK Pensions Act 1995 from any Transferred Diversey Company in relation to the UK DB Schemes save where the debt has been paid in full or otherwise discharged, and the relevant company has received effective discharge from the trustees of that scheme.
There are a variety of factors that limit investment by UK DB Schemes in private equity and venture capital.
Barriers that make any of these stages more difficult or costly therefore impede the ability of British Private Equity & Venture Capital Association 5th Floor, Chancery House, 53-64 Chancery Lane, London, Wc2A 1QS T +44 (0)20 7492 0400 F +44 (0)20 7492 0401 bvca@bvca.co.uk www.bvca.co.uk our members to invest in UK companies and provide returns to their investors, including UK DB Schemes, in an efficient manner.
Given the increasing burden and complexity of running UK DB Schemes, there is an increasing trend towards pension schemes including at least one professional trustee (an expert who will act as a trustee, frequently on multiple schemes) on their trustee board.
The principal businesses of the Group are: Xafinity Pensions Advisory and Administration Business Defined Contribution Platform, ‘‘National Pension Trust’’ Xafinity Pensions Advisory and Administration Business provides advisory services to the trustees or sponsoring employers of approximately 450 UK DB Schemes, covering actuarial, investment and wider pensions advice, including in respect of UK DC Schemes.
Clearance that the matters contemplated in this Agreement and the Memoranda of Understanding and with respect to the U.K. DB Schemes will not lead to the Pensions Regulator exercising his powers under sections 38 to 51 of the UK Pensions Act shall have been granted by the Pensions Regulator in a form acceptable to the Purchasers and such clearance shall remain in force.
COMPETITIVE ENVIRONMENTXafinity operates in a competitive environment, and competes with other providers of advisory and administrative services, which can be categorised as follows: UK Defined Benefit Pension SchemesThe overall market for trustee and administrative services to UK DB Schemes can be segmented broadly into the following three categories:* the ‘‘big three’’, namely Willis Towers Watson, Mercer and Aon Hewitt (the ‘‘Global Consultancies’’).
HR Trustees BusinessThe HR Trustees Business provides professional trustee services to approximately 100 UK pension schemes (both UK DB Schemes and UK DC Schemes).