Which body issues a Pension Adjustment Order (PAO)?

Prepare for the QFA Pensions Exam with comprehensive quizzes. Utilize multiple choice questions to test your knowledge, with detailed explanations and hints. Ensure you're ready with focused study!

Multiple Choice

Which body issues a Pension Adjustment Order (PAO)?

Explanation:
A Pension Adjustment Order is a formal instruction created in family-law proceedings to share or adjust pension benefits between spouses on divorce. This type of order is issued by the Courts, not by regulators or tax authorities, and once made it binds the pension scheme administrator to implement the terms. The other bodies regulate or investigate pension matters, but they do not issue PAOs.

A Pension Adjustment Order is a formal instruction created in family-law proceedings to share or adjust pension benefits between spouses on divorce. This type of order is issued by the Courts, not by regulators or tax authorities, and once made it binds the pension scheme administrator to implement the terms. The other bodies regulate or investigate pension matters, but they do not issue PAOs.

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