Statutory funding objective
From ACT Wiki
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’).
See also
- Actuarial valuation
- Defined benefit pension scheme
- Funding level
- Recovery plan
- Scheme Specific Funding
- Statutory
- Technical provisions
