Statutory funding objective: Difference between revisions
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''Pensions'' | ''Pensions funding - defined benefit schemes - UK.'' | ||
(SFO). | (SFO). | ||
The | The statutory funding objective in the UK means defined benefit pension schemes need to have appropriate assets to cover their accrued liabilities (also known as ‘technical provisions’). | ||
The Statutory Funding Objective and Scheme Specific Funding replaced the UK's previous Minimum Funding Requirement regime. | |||
==See also== | |||
== See also == | * [[Actuarial valuation]] | ||
* [[Defined benefit pension scheme]] | |||
* [[Funding level]] | * [[Funding level]] | ||
* [[ | * [[Recovery plan]] | ||
* [[Scheme Specific Funding]] | * [[Scheme Specific Funding]] | ||
* [[Statutory]] | |||
* [[Technical provisions]] | |||
==External link== | |||
*[https://researchbriefings.files.parliament.uk/documents/SN04877/SN04877.pdf Defined benefit pension scheme funding regime - UK House of Commons Library - 2020] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 11:46, 23 November 2023
Pensions funding - defined benefit schemes - UK.
(SFO).
The statutory funding objective in the UK means defined benefit pension schemes need to have appropriate assets to cover their accrued liabilities (also known as ‘technical provisions’).
The Statutory Funding Objective and Scheme Specific Funding replaced the UK's previous Minimum Funding Requirement regime.
See also
- Actuarial valuation
- Defined benefit pension scheme
- Funding level
- Recovery plan
- Scheme Specific Funding
- Statutory
- Technical provisions
