ISO 20022 and Pension Benefit Guaranty Corporation: Difference between pages

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imported>Doug Williamson
(Add quote - source - ACT - https://www.treasurers.org/hub/blog/introduction-iso20022)
 
imported>Doug Williamson
m (Organisation check 6/5/13 - no change)
 
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ISO 20022 is the international standard for financial messages, issued by the the International Organization for Standardization (ISO).  
(PBGC). ''US Pensions''. 
An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.


The PBGC has wide powers to investigate US pension schemes and their sponsoring companies. 


:<span style="color:#4B0082">'''''The introduction of ISO 20022'''''</span>
The equivalent in the UK is the Pension Protection Fund.


:"The new standard will significantly increase the amount of data that will be able to accompany the payment instruction.
== See also ==
 
* [[Pension Protection Fund]]
:One of the main benefits will be an increase in the ability to automate the allocation of receipts to customer accounts – reducing the time consuming, expensive and error-prone need for manual intervention.
 
:In addition, it will allow more information regarding ultimate beneficiaries which will support any requirements for enhanced anti-money laundering protocols."
 
:''Association of Corporate Treasurers - blog - April 2022.''
 
 
==See also==
* [[ISO]]
* [[ISO currency codes]]
* [[MT]]
* [[MX]]
* [[Society for Worldwide Interbank Financial Telecommunications]] (SWIFT)
 
 
==External link==
*[https://www.iso20022.org/ ISO 20022 website]
 
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]
[[Category:Technology]]

Revision as of 13:57, 6 May 2013

(PBGC). US Pensions. An organisation set up by the US government to take over the assets and liabilities of insolvent pension funds and to provide limited guarantees as to the payment of pensions by those funds.

The PBGC has wide powers to investigate US pension schemes and their sponsoring companies.

The equivalent in the UK is the Pension Protection Fund.

See also