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Jargon Buster

MNT/MND

Member Nominated Trustee/Member Nominated Director

MFR

Minimum Funding Requirement

Money Purchase Arrangement

see Defined Contribution Scheme above.

Minimum Funding Requirement

The discredited and now defunct minimum funding requirement for defined benefit schemes. Replaced by the statutory funding objective for actuarial valuations after 22 September 2005.

Member Nominated Trustee

The Pensions Act 1995 made provision for member nominated trustees (or member nominated directors, where there is a corporate trustee). The original opt out available to employers has ceased to apply. Currently, members must be allowed to nominate one third of the trustees.

Articles

What difference does A-Day make?

6th April 2006 was 'A-Day', and some very sweeping changes to pensions went live. Here are a series of questions and answers to help you understand the implications.

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Latest News

COVID-19 Update

At PWT Advice LLP we are closely monitoring the global impact of the current COVID-19 pandemic and following the advice of the Government. The health and welfare of our staff team, clients, and their families is our number one priority.

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