Scheme funding & restructuring

Pension schemes in the private and commercial semi-state sectors are generally funded schemes, meaning that a fund of investments is built up to support the liabilities.

Depending on the type of pension arrangement you have, different requirements are in place to protect the assets and monitor the level of funding relative to the pension benefits that are due to be paid out.

Funded defined benefit schemes in particular can be subject to amendment if the scheme assets fall short.