Fraud Compensation Fund and Free Carrier: Difference between pages

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imported>Doug Williamson
(Add link.)
 
imported>Doug Williamson
(Create page. Sources: The Treasurer, December 2019, p41 and World Class shipping webpage http://www.worldclassshipping.com/incoterm_fca.html)
 
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''UK pensions.''
''Incoterms''.


(FCF).  
(FCA).


The FCF was established under  UK pensions legislation to provide compensation to occupational pension schemes, with insolvent employers, that suffer a loss attributable to an offence involving dishonesty.  
"Free Carrier" means that the seller fulfils its obligation to deliver when it has handed over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place or point.


It applies to most defined benefit and defined contribution occupational pension schemes, however, it does not apply to state retirement pensions. 


==See also==
* [[COD]]
* [[CIF]]
* [[DPU]]
*[[FCA]]
* [[ICC Incoterms 2020]]
*[[International trade]]
*[[Trade finance]]
* [[Transport documents]]
* [[UCC]]


The FCF is a statutory fund run by the Board of the Pension Protection Fund and is funded from the Fraud Compensation Levy raised on eligible pension schemes.
[[Category:Financial_products_and_markets]]
 
[[Category:Trade_finance]]
It replaced the former Pensions Compensation Board, which undertook a similar role. 
 
 
== See also ==
* [[Fraud]]
*[[Fund]]
* [[Occupational pension scheme]]
* [[Pension Protection Fund]]
* [[Pensions Compensation Board]]
 
[[Category:Ethics]]
[[Category:Financial_risk_management]]

Revision as of 22:46, 19 December 2019

Incoterms.

(FCA).

"Free Carrier" means that the seller fulfils its obligation to deliver when it has handed over the goods, cleared for export, into the charge of the carrier named by the buyer at the named place or point.


See also

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