D
DC92
Member
Hello
I am referring to pages 18 and 19 of Chapter 34 which describes the different options that may exist for the provision of the outstanding benefit payments, on the event that a benefit scheme is discontinued.
The last point made is that the liabilities can be transferred to a provider who will guarantee to pay a specified level of the benefits.
I just need clarity on who exactly the "provider" is? Is it referring to a different sponsor?
Thanks
DC92
I am referring to pages 18 and 19 of Chapter 34 which describes the different options that may exist for the provision of the outstanding benefit payments, on the event that a benefit scheme is discontinued.
The last point made is that the liabilities can be transferred to a provider who will guarantee to pay a specified level of the benefits.
I just need clarity on who exactly the "provider" is? Is it referring to a different sponsor?
Thanks
DC92