ISO 31000 and Minimum Funding Requirement: Difference between pages

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imported>Doug Williamson
(Add quote. Source: The Treasurer, February 2020, p31.)
 
imported>Doug Williamson
(Update.)
 
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''International Organization for Standardization (ISO).''
''Pensions''.
(MFR).  


ISO 31000 is the international standard: ''Risk management: guidelines''.
The former requirement in the UK under the Pensions Act 1995 that for a Defined Benefit pension scheme the liabilities should not exceed the assets under a prescribed set of assumptions.


MFR was superseded by the Statutory Funding Objective and Scheme Specific Funding.


It defines risk as:


"the effect of uncertainty on objectives."
== See also ==
 
* [[Scheme Specific Funding]]
 
* [[Statutory funding objective]]
==See also==
* [[ISO]]
* [[Risk management]]
 
 
===Other links===
* International Organization for Standardization - http://www.iso.org/iso/home.htm


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Financial_risk_management]]

Latest revision as of 09:08, 4 March 2022

Pensions.

(MFR).

The former requirement in the UK under the Pensions Act 1995 that for a Defined Benefit pension scheme the liabilities should not exceed the assets under a prescribed set of assumptions.

MFR was superseded by the Statutory Funding Objective and Scheme Specific Funding.


See also