Statutory funding objective: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Spacing 20/8/13) |
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(SFO). ''Pensions''. | (SFO). | ||
''Pensions''. | |||
The is the name given to the pension scheme funding regime introduced for the UK by pensions legislation whereby trustees and employers must agree a funding programme specific to the scheme concerned on the basis of actuarial and other advice. | The is the name given to the pension scheme funding regime introduced for the UK by pensions legislation whereby trustees and employers must agree a funding programme specific to the scheme concerned on the basis of actuarial and other advice. | ||
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It replaced the previous regime, the Minimum Funding Requirement. | It replaced the previous regime, the Minimum Funding Requirement. | ||
== See also == | == See also == | ||
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* [[Minimum Funding Requirement]] | * [[Minimum Funding Requirement]] | ||
* [[Scheme Specific Funding]] | * [[Scheme Specific Funding]] | ||
Revision as of 08:48, 20 August 2013
(SFO).
Pensions.
The is the name given to the pension scheme funding regime introduced for the UK by pensions legislation whereby trustees and employers must agree a funding programme specific to the scheme concerned on the basis of actuarial and other advice.
According to the relevant Code of Practice, '… full funding in relation to technical provisions is the statutory funding objective'.
It replaced the previous regime, the Minimum Funding Requirement.
