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

Find out about DB schemes and in particular the assumptions made to produce the technical provisions

Find out about some different approaches that can be taken to deal with a deficit

Find out what the employer covenant is and the information sources trustees can use to measure its strength

Find out more about a deteriorating covenant and what trustees can do in these circumstances

Find out what wind-up is, who can trigger a wind-up and when it will take place

Find out about the actions trustees can take when the sponsoring employer is considering an asset sale, share sale or withdrawal of an employer in a multi-employer scheme.

In this scenario you will find out how the actuary does a valuation of the scheme’s liabilities, that is, how he works out what it will cost to pay the members’ pensions as they fall due

In this scenario you and your fellow trustees are growing more and more concerned about the financial health of the company

In this scenario the trustees explore the implications of triggering a scheme wind-up and look at options regarding corporate transactions