-
- the date on which the notice is issued;
- the name, address and pension scheme registration number of the scheme in
respect of which the notice is issued;
- the name of the employer in relation to the scheme in respect of which the
notice is issued;
- a statement that the Board has refused to assume responsibility for the
scheme in respect of which the notice is issued;
- the period in relation to which the Board is satisfied that the scheme in respect
of which the notice is issued is not an eligible scheme;
- a statement of reasons for the Board’s decision to refuse to assume
responsibility for the scheme in respect of which the notice is issued;
- whether the issue of the notice by the Board is a reviewable matter and, if so,
the time limits for applying for a review of or appeal against the issue of that
notice;
- the date on which the notice issued will become binding;
- the address for communications at which the Board may be contacted in
respect of the issue of the notice; and
- whether the notice issued contains restricted information and, if so, the nature
of any restrictions.
[See ‘Insolvency Practitioner’ and ‘Pension Protection Fund’.]
Work in Progress
Work in progress is often known as ‘WIP’ in the insolvency and restructuring
profession.
WIP includes partially-completed goods that are still in the production process; or
inventory that has begun the manufacturing process and is no longer included in
raw materials inventory (on the balance sheet), but is not yet a completed product.
On a balance sheet, work in progress is considered to be an asset, because money
has been spent towards a completed product.
