umbrella scheme definition
umbrella scheme means an authorised fund which according to the terms of the scheme is an umbrella scheme belonging to the category under that name established by the Financial Conduct Authority, and
umbrella scheme means a retirement benefits scheme grouping with members employed by several employers, in which employees and employer's contributions are paid into the fund established for that purpose;
umbrella scheme means a collective investment scheme under which the contributions of the participants in the scheme and the profits or income out of which payments are to be made to them are pooled separately in relation to separate parts of the scheme property;
More Definitions of umbrella scheme
umbrella scheme means a collective investment scheme under which the contributions of the participants and the profits or income out of
umbrella scheme means a pension fund organization established for the benefit of employees of various employers which are not subsidiaries of a single holding company.
umbrella scheme means an open-ended Scheme which shall be divided into a number of Sub-Schemes in which
umbrella scheme means an open-ended collective investment scheme which, to the extent as may be approved and subject to such conditions as may be applied by the Authority or a foreign equivalent may be divided into a number of sub-funds in which participants are entitled to exchange rights in one sub-fund for rights in another and “sub-fund” shall be construed accordingly.
umbrella scheme means a collective investment scheme, the constitutive document of which provides for such segregation of the scheme property as is mentioned in section 3(5);