APT·FUNDING · Module 4: Funding, Benefits and Member Protection·UnitFUNDING · Unit 01Access: Premium

Unit 4.1: Actuarial Valuation and DB Funding Principles

Unit 4.1 covers how a defined benefit scheme works out what it needs. It takes in the methods used to value assets for an actuarial valuation, the principles of funding defined benefit liabilities, and the different funding measures a scheme may be shown against, all three marked DB only in the syllabus, together with the importance of complete, accurate and up-to-date member data and calculations, which matters just as much in a defined contribution scheme. Data quality is the topic with the widest reach here, because a valuation and every benefit calculation rest on the records behind them.

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