IFoA SA4 Practice Questions - IFoA SA4 Pensions And Other Benefits Specialist Advanced Exam

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A DB scheme's technical provisions are £480m and the market value of assets is £432m. The scheme actuary is asked for the funding level on the technical provisions basis. What is it, and how would a shortfall typically be addressed?

90%, with the deficit recovered through a recovery plan of additional employer contributions 108%, so a refund of surplus to the employer is required 90%, with the deficit written off immediately under FRS 102 112%, so the scheme must trigger wind-up

Correct Answer:

90%, with the deficit recovered through a recovery plan of additional employer contributions

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