The Financial Services Authority has published its quarterly rates of return which are used for calc...
The Financial Services Authority has published its quarterly rates of return which are used for calculating actual and prospective loss and redress for pension transfers and opt outs.
The regulator's figures released today show no change for both appendix G and L. Appendix G sets out the rates to be applied when calculating loss while appendix L details the original rates of return for calculating prospective loss and redress.
The interest rate figure for benefit increases linked to the retail price index remains at 2.7% for the second quarter after a 0.3% rise at the start of February. Likewise, the rate for benefit increases linked to limited price index in February added 0.2% to 2.7 while interest rate on level benefit stays at 5.5% - unchanged since November 1999.
Past and present rate figures can be obtained by accessing the FSA website http://www.fsa.gov.uk or by phoning 0845 606 1234.
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