EFG and Scheme actuary: Difference between pages

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''UK''
''Pensions''


The UK government's Enterprise Finance Guarantee.
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.


The loan guarantee scheme guarantees the lender for up to 75% of advances under a loan to or invoice financing arrangement for smaller businesses. The advance remains an obligation of the borrower to the lender. The purpose of the scheme is to facilitate lending to viable businesses that have been turned down for a normal commercial loan due to a lack of security or a proven track record.


EFG is managed by British Business Financial Services, a wholly-owned subsidiary of British Business Bank plc, but remains on the balance sheet of the Department for Business, Innovation and Skills. The government provides a guarantee to the lender, but has no role in the decision making process and is not party to the loan agreement.
== See also ==
* [[Actuary]]
* [[Scheme auditor]]


 
[[Category:Manage_risks]]
==See also==
*[[Export Credits Guarantee Department]]
 
 
===Other links===
[http://british-business-bank.co.uk/market-failures-and-how-we-address-them/enterprise-finance-guarantee/understanding-enterprise-finance-guarantee/ Understanding the enterprise finance guarantee]

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