Superannuation And Retirement Applications (SRA) Practice Questions - Superannuation And Retirement Applications (SRA) - Actuaries Institute Fellowship Program Exam

The trustee must formulate and submit to APRA a written Funding Management Plan (FMP) agreed with the sponsoring employer, designed to restore the VBI to at least 100% within a reasonable period (normally not exceeding 3 years) The fund must immediately be wound up and all assets distributed to charity The trustee must permanently reduce all member vested benefits by 50% The sponsoring employer is legally exempt from making any further contributions