All change on mortality basis and projection rates for SMPIs and KFIs alike

In May this year the FSA published its consultation paper CP 12/10 which outlines changes needed in retail investment product disclosure. CP12/10 focuses on ensuring uniform implementation of four key adjustments to both Key Features Illustrations (KFIs) at point of sale and Statutory Money Purchase Illustrations (SMPIs) issued at review points. Principal changes covered include use of new mortality tables, fixing of retail and consumer price indexation and inflation percentages and lowering of projection rates. The overall intention is to ensure illustrations remain relevant and accu...