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) |
imported>Doug Williamson (Reference MFR.) |
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The statutory funding objective in the UK means defined benefit pension schemes need to have have appropriate assets to cover their accrued liabilities (also known as ‘technical provisions’). | The statutory funding objective in the UK means defined benefit pension schemes need to have 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. | |||
Revision as of 08:59, 4 March 2022
Pensions funding - defined benefit schemes - UK.
(SFO).
The statutory funding objective in the UK means defined benefit pension schemes need to have 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
