Regulatory Alerts2004-01-01
Retirement Benefits Schemes (Recognised Schemes) (United Kingdom) Order 2004
The Treasury issued this Order under the Retirement Benefits Schemes Act 2000 to designate the United Kingdom as a recognized jurisdiction for pension schemes. It specifies that UK retirement benefits schemes established by resident employers qualify for recognition if they are registered pension schemes, established under irrevocable trust, and recognized as trust schemes under the Pensions Act 1995. This designation facilitates the cross-border recognition of these schemes for regulatory purposes effective from November 1, 2004.
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