Winding-up: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Category added 9/10/13) |
imported>Doug Williamson (Layout.) |
||
| Line 4: | Line 4: | ||
2. | 2. ''Pensions''. | ||
''Pensions''. | |||
The process of terminating a pension scheme, usually by applying the assets to the purchase of individual insurance contracts for the beneficiaries, or by transferring the assets and liabilities to another pension scheme. | The process of terminating a pension scheme, usually by applying the assets to the purchase of individual insurance contracts for the beneficiaries, or by transferring the assets and liabilities to another pension scheme. | ||
| Line 13: | Line 11: | ||
== See also == | == See also == | ||
* [[Declaration of solvency]] | * [[Declaration of solvency]] | ||
* [[Dissolution]] | |||
* [[Freezing]] | * [[Freezing]] | ||
* [[Liquidation]] | * [[Liquidation]] | ||
Latest revision as of 21:53, 18 December 2020
1.
A process whereby a company prepares for dissolution – the assets of the company are applied to discharge its liabilities and any surplus is returned to those who are entitled to it provided there is any excess remaining.
2. Pensions.
The process of terminating a pension scheme, usually by applying the assets to the purchase of individual insurance contracts for the beneficiaries, or by transferring the assets and liabilities to another pension scheme.
