/


ERM for Pension Funds [21]

Go to: Summary | Previous | Next   
Bullet points include: Determine actuarial deficit (given a specified valuation methodology, e.g. a wind-up basis). Compare with net asset value of sponsor. Some issues if: IORP has claim only on an 'inappropriate' part of a wider organisation (e.g. a lowly capitalised entity or one outside the legal reach of scheme/regulator). Covenant is not legally enforceable. But how relevant is this calculation to what might be the position if and when the sponsor does default or run into trouble? Actuarial Deficit* Assets. Actuarial value of liabilities* Non-technical

NAVIGATION LINKS
Contents | Prev | Next | Library


Desktop view | Switch to Mobile