Assumptions in Actuarial Standard Technical Memorandum 1 (AS TM 1) reviewed by FRC

Released 05 June 2019

The FRC has concluded that no change is needed to the assumptions in AS TM 1, which apply to the annual Statutory Money Purchase Illustrations (SMPIs) received by those saving for retirement with defined contribution pension plans.

The current version of the memorandum will remain effective for SMPIs produced in the year beginning 6 April 2020.

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