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Unit 4.3: Statutory Funding Objective and Statement of Funding Principles
Unit 4.3 covers the statutory funding regime for defined benefit schemes. It sets out the statutory funding objective and the technical provisions behind it, who is responsible for preparing a statement of funding principles, what that statement has to contain, and when and why it has to be reviewed. The structure mirrors Unit 3.5 on the Statement of Investment Principles, and the two documents are worth learning side by side, because they are easy to confuse and the syllabus asks for the contents of each.
What’s in it.
4 topics- Topic 01
A Statutory Funding Objective
Coming soon - Topic 02
Responsibilities for Preparing a Statement of Funding Principles
Coming soon - Topic 03
The Contents of a Statement of Funding Principles
Coming soon - Topic 04
The Need for Reviewing the Statement of Funding Principles
Coming soon