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Communicating information about the funding of occupational pension schemes to scheme members
 — a study carried out on behalf of the Department for Work and Pensions
Author(s)Lorna Adams, Karen Bunt
Corporate AuthorIFF Research; Department for Work and Pensions - DWP
PublisherDepartment for Work and Pensions - DWP, London, 2003
Pages76 pp (DWP In-house report 110)
SourceSocial Research Division, Room 4-26 Adelphi, 1-11 John Adam Street, London WC2N 6HT. Website: http://www.dwp.gov.uk/asd/
KeywordsPrivate pensions ; Finance ; Attitude ; Qualitative Studies.
AnnotationThe Minimum Funding Requirement (MFR) came into force in April 1997, requiring private sector defined benefit occupational pension schemes to hold a minimum level of assets to meet their liabilities. However, the MFR has not worked as intended; and the Government announced proposals in March 2001 to replace it with a scheme specific funding approach. This qualitative research project was designed to help to provide input into the development of the policy for communicating information about the funding of defined benefit occupational pension schemes to scheme members. It uses the results of 30 in-depth interviews with active members and pensioners belonging to defined benefit schemes. The report examines the extent to which it might be possible to engage members in information about scheme funding, including their understanding of information relating the health of a scheme or to its closure. (RH).
Accession NumberCPA-030304201 B
ClassmarkJK: WN: DP: 3DP

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