Company voluntary arrangement and Scheme actuary: Difference between pages

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m (Category added 9/10/13)
 
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''UK insolvency law.''
''Pensions''


(CVA).
The named actuary appointed by the trustees of an occupational pension scheme under UK pensions legislation.  
 
An agreement between a company and its creditors concerning the payment of its debts under the provisions of UK insolvency law.
Sometimes ‘appointed actuary’ is used, although this does not always have precisely the same meaning.
 
The CVA may be initiated by the directors, the administrator or the liquidator of a company. If agreed to, it involves claims being settled at a given percentage of the full liability, with a view to the company surviving thereafter.  




== See also ==
== See also ==
* [[Administrator]]
* [[Actuary]]
* [[Insolvency]]
* [[Scheme auditor]]
* [[Insolvency practitioner]]
* [[Liquidator]]


[[Category:Compliance_and_audit]]
[[Category:Manage_risks]]

Latest revision as of 14:40, 9 October 2013

Pensions.

The named actuary appointed by the trustees of an occupational pension scheme under UK pensions legislation.

Sometimes ‘appointed actuary’ is used, although this does not always have precisely the same meaning.


See also