Fraud Compensation Fund and Gross National Income: Difference between pages

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''UK pensions.''
''Economics''.


(FCF).  
(GNI).


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.
Gross National Income (GNI) = Gross Domestic Product (GDP) + net receipts from abroad of wages and salaries and of property income + net taxes and subsidies receivable from abroad
 
It applies to most defined benefit and defined contribution occupational pension schemes, however, it does not apply to state retirement pensions. 
 
 
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.
 
It replaced the former Pensions Compensation Board, which undertook a similar role. 




== See also ==
== See also ==
* [[Fraud]]
* [[Black economy]]
*[[Fund]]
* [[Double dip]]
* [[Occupational pension scheme]]
* [[Gross domestic product]]
* [[Pension Protection Fund]]
* [[Gross national product]]
* [[Pensions Compensation Board]]
 
[[Category:Ethics]]
[[Category:Financial_risk_management]]

Revision as of 17:38, 10 July 2018

Economics.

(GNI).

Gross National Income (GNI) = Gross Domestic Product (GDP) + net receipts from abroad of wages and salaries and of property income + net taxes and subsidies receivable from abroad


See also

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