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

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Under APRA SPS 160, what is the 'shortfall limit' for a defined benefit superannuation fund and who sets it?
Correct Answer:
A vested benefits coverage level, below 100%, that the RSE licensee sets on actuarial advice as the point at which a fund in an unsatisfactory financial position is treated as having a shortfall requiring a restoration program

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