Statutory funding objective: Difference between revisions
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imported>Doug Williamson (Update - source - House of Commons Library - https://researchbriefings.files.parliament.uk/documents/SN04877/SN04877.pdf) |
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The statutory funding objective in the UK means defined benefit pension schemes need to | 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. | |||
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
