Pensions Circular 03 - Lump Sum Payments Under Pre-Existing Payment Plans

The Financial Services Commission ("the Commission") intends through this Circular to provide guidance to pension administrators and assist them in discharging their respective roles under the Occupational Pension Benefits Act ("the OPBA"). This Circular is not intended to be a substitute for or replace any additional obligations under the OPBA, its regulations or the Financial Services Commission Act.