Complete the worksheet to understand your own scheme in relation to the learning from this module

Find out about the requirement to meet the statutory funding objective

Find out about different ways of measuring the liabilities and funding position of a scheme

Find out about how some of the calculations are made

Here you will be able to investigate the impact of assumptions on the funding position of the scheme

Find out about individual transfers, cash equivalent transfer values, being cautious about the employer offering incentives to transfer out of the scheme and what happens in the event of a bulk transfer of members either into or out of a scheme

Find out about additional funding that can be made by employees

In this scenario you and your fellow trustees get to grips with the triennial actuarial valuation for the DB section of the scheme. You have preliminary discussions about the valuation process

In this scenario Robert, the actuary, will report his initial results for the scheme funding valuation, and you will see how the calculations for past service and future service liabilities are made

In this scenario you and your fellow trustees have to deal with a complaint from a former member who considers that he has lost out as the result of a bulk transfer. You also discuss two queries from members about paying additional employee contributions outside of the DB scheme