"Statutory funding objective": (SFO). Pensions. The is the name given to the pension scheme funding regime introduced for the UK by pensions legislation whereby trustees and employers must agree a funding programme specific to the scheme concerned on the basis of actuarial and other advice. According to the relevant Code of Practice, 'â€¦ full funding in relation to technical provisions is the statutory funding objective'. It replaced the previous regime, the Minimum Funding Requirement.