Investments that comply with any social, environmental and ethical principles which may be adopted by the trustees.
Occupational pension schemes are required to disclose the extent to which, if at all, social, environmentalor ethical considerations are taken into account in the selection, retention and realisation of investments.
Tuesday 20 November 2012
sponsoring employer
The employer with responsibility for meeting the liabilities of a DB pensionscheme.
In DC schemes, typically the employer who sets up and/or assumes responsibility for the running of the scheme, and meets the expenses.
In DC schemes, typically the employer who sets up and/or assumes responsibility for the running of the scheme, and meets the expenses.
SORP Statement of recommended practice.
Guidance on best accountingpractice for the presentation of financial information prepared by the particular sector to which the SORP relates (in this case, occupational pensions).
statutory funding objective
The requirement for an ongoing scheme to have sufficient and appropriate assets to cover its technical provisions, or a recovery plan to reach that position.
statutory independent trustee
An independent trustee, appointed at the discretion of the regulator to a scheme where the employer has become insolvent. The independent trustee must be chosen from the regulator's register of approved independent trustees.
statutory independent trustee
An independent trustee, appointed at the discretion of the regulator to a scheme where the employer has become insolvent. The independent trustee must be chosen from the regulator's register of approved independent trustees.
statutory objectives
The three specific objectives set for The Pensions Regulator in the Pensions Act 2004:
*. to protect the benefits of members of work-based pension schemes
*. to promote good administration of work-based pension schemes
*. to reduce the risk of situations arising that may lead to claims for compensation from the Pension Protection Fund
*. to protect the benefits of members of work-based pension schemes
*. to promote good administration of work-based pension schemes
*. to reduce the risk of situations arising that may lead to claims for compensation from the Pension Protection Fund
stock lending
A temporary transfer of securities (for example, equities) by an owner (typically a pension scheme) to a borrower (usually a fund manager). The borrower undertakes to return those securities to the lender at pre-agreed time.
strategic investment
Carried out by trustees as part of the preparation of their SIP, it is the practice of making long term decisions on asset allocation so that they are able to pay pension benefits as they fall due.
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