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Can a new multinational company without an existing pension fund but with capacity for fully funded defined benefit pension scheme apply as closed pfa to manage the pension of its employees?

April 26, 2017COMPANY defined existing fully fund multinational Pension

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Can a new multinational company without an existing pension fund but with capacity for fully funded defined benefit pension scheme apply as closed pfa to manage the pension of its employees?

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In accordance with the provisions of the Pension Reform Act 2004, only an employer with a pension scheme existing before the commencement of the Act can apply to be licensed as a closed PFA.