Term:
Winding-up
Definition:
The termination of a pension scheme by either providing (deferred) annuities for all members or by moving all its assets and liabilities into another scheme.
Domain:
Finance
Source:
OECD Working Party on Private Pensions, 2005, “'Private Pensions: OECD Classification and Glossary, 2005 edition”, OECD, Paris
