222 The statutory funding objective
Pensions Act 2004 (2004 c 35) | Legislation

Scheme funding

222  The statutory funding objective

(1)     Every scheme is subject to a requirement (“the statutory funding objective”) that it must have sufficient and appropriate assets to cover its technical provisions.

(2)     A scheme's “technical provisions” means the amount required, on an actuarial calculation, to make provision for the scheme's liabilities.

[(2A)     The

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