OpenUnited Kingdom
Research Services for Pensions illustrations: presenting uncertainty and variability
Key facts
- Country
- United Kingdom
- Region
- UKI42
- Estimated value
- not stated
- Published
- Source
- UK Find a Tender
Description
BACKGROUND The FRC is the UK's independent regulator responsible for issuing and maintaining technical actuarial standards. It is responsible for Actuarial Standard Technical Memorandum 1 (AS TM1), which specifies the assumptions and methods used to calculate statutory illustrations of money purchase, or defined contribution, pensions. Pension illustrations are based on assumptions about future investment returns, inflation and retirement choices. The uncertainty and variability inherent in future retirement outcomes can be challenging for defined contribution (DC) savers to understand. The…
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