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Funding Defined Benefit Pension Schemes
Published online by Cambridge University Press: 10 June 2011
Abstract
This paper puts the case for the Actuarial Profession revising and tightening its standards on actuarial funding advice in relation to United Kingdom occupational pension schemes. We critique current actuarial practice and advocate principles for measuring solvency and providing funding advice. In particular, we advocate that funding targets should be clearly and unambiguously related to scheme solvency. The paper also covers optimal investment strategy, treatment of the ‘company covenant’ when giving funding advice and governance issues relating to pension schemes.
- Type
- Sessional meetings: papers and abstracts of discussions
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- Copyright
- Copyright © Institute and Faculty of Actuaries 2005
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