statutory funding objective
- statutory funding objective
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statutory funding objective (SFO)
Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms.
www.practicallaw.com.
2010.
Look at other dictionaries:
statement of funding principles — (SFP) Introduced by the Pensions Act 2004, the trustees of a salary related scheme must prepare and maintain a statement of funding principles (SFP). The SFP must set out the trustees policy for meeting the statutory funding objective and contain … Law dictionary
Minimum funding requirement — The Minimum Funding Requirement (MFR) was a part of United Kingdom legislation in the Pensions Act 1995, and was introduced on 6 April 1997. The Pensions Act 2004 abolishes the MFR replaces it with new statutory funding objective ; this came into … Wikipedia
recovery plan — Introduced by the Pensions Act 2004, the trustees of a salary related scheme that has a funding shortfall must agree a recovery plan with the scheme s principal employer. The recovery plan must aim to eliminate the deficit so that the scheme… … Law dictionary
SFP — statement of funding principles (SFP) Introduced by the Pensions Act 2004, the trustees of a salary related scheme must prepare and maintain a statement of funding principles (SFP). The SFP must set out the trustees policy for meeting the… … Law dictionary
SFO — statutory funding objective (SFO) Introduced by the Pensions Act 2004, the statutory funding objective (SFO) requires that an occupational pension scheme that is a salary related scheme must have sufficient assets to cover its technical… … Law dictionary
technical provisions — Introduced by the Pensions (IORP) Directive, and incorporated into UK law by the Pensions Act 2004, the technical provisions of a salary related pension scheme (salary related scheme) are the amount required to cover its liabilities. Essentially … Law dictionary
social service — social service, adj. organized welfare efforts carried on under professional auspices by trained personnel. [1850 55] * * * Introduction also called welfare service, or social work, any of numerous publicly or privately provided… … Universalium
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
United Kingdom — a kingdom in NW Europe, consisting of Great Britain and Northern Ireland: formerly comprising Great Britain and Ireland 1801 1922. 58,610,182; 94,242 sq. mi. (244,100 sq. km). Cap.: London. Abbr.: U.K. Official name, United Kingdom of Great… … Universalium
Federal Reserve System — FRB and FED redirect here. For other uses, see FRB (disambiguation) and FED (disambiguation). Federal Reserve System … Wikipedia
