Part 5: Further provision relating to pension schemes Scheme funding Schedule 10: Funding of defined benefit schemes Amending the Statutory Funding Objective
The statutory funding objective requires schemes to have sufficient and appropriate assets to cover its technical provisions (section 222 of the Pensions Act 2004).
	Paragraph 3 of Schedule 10 inserts new subsection (2A) into section 222 of the 2004 Pensions Act so that the calculation of the scheme’s technical provisions is consistent with the scheme’s funding and investment strategy as set out in the scheme’s statement of strategy.