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pension scheme

A

Avviey

Member
Hi

Do you think terms like 'assets', 'liabilities' and 'funding level' are known to trustees already? ie. its fine to use them? Thanks.
 
Personally, I would say that assets and liabilities are fine, but funding level is more technical and should probably be explained ("the assets are only enough to pay for 80% of the liabilities", or whatever).

There is usually a degree of subjectivity in these things, try to lean more towards the "explaining things" side but without sounding condescending or patronising.
 
I would suggest that "assets" and "liabilities" are also usually too technical. After all, trustees could be very limited in financial knowledge (eg member or pensioner trustees). Best to stay clear of any terms where you're in any doubt as to whether they could be construed as jargon or not.

You don't have to stick to one word, by the way. For example, you could replace "assets" with "the investments the company makes with your funds".
 
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