PSI20.3.13 - Funding and Surpluses: Insured Schemes - General - Methods of Funding- Controlled Funding

(This archived guidance relates to HMRC discretionary practice before the 6th April 2006. For current guidance on Registered Pension Schemes see the Registered Pension Schemes Manual)

Controlled funding is widely used for large insured as well as self-administered schemes. Some Life Offices consider it to be appropriate only for schemes which operate through common trust funds; others do not share this view. We lay down no requirements on the matter.

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