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Glossary

Wind-Up
The termination of an Occupational Pension Scheme. A process where the scheme's assets are apportioned among the members or transferred to another scheme such as an S32 Buyout.
Work In Progress
A term that applies to the set of draft Standards that are available for a particular process.
Working Group
Working Groups consist of representative members of the Industry, concentrating on a stream of work relating to the development, implementation or maintenance of Standards.