Is "Discontinuance" a general term which could mean that the scheme has closed to new entrants, that the scheme has closed to all future accrual (including future accrual iro current active members), that the scheme is being wound up etc??
Discontinuance is defined in the SA4 glossary to be "The cessation of contributions to a pension scheme leading either to winding-up or to the scheme becoming a paid-up scheme." However, in practice, parties involved in pension provision often use the term more loosely eg to mean winding up.
