New business SMPI "needs to contain impact of inflation"

Professional Adviser
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Pension providers should voluntarily include inflation calculations as part of new business Statutor...

Pension providers should voluntarily include inflation calculations as part of new business Statutory Money Purchase Illustrations (SMPI) as an industry standard, says Scottish Life, because it would provide consistency and help clients to recognise their 'true' potential returns. A call to standardise SMPI documents - whether it be new or existing pensions business - is being raised by several pension providers and consultants, because there are concerns that the difference could lead consumers to think their pensions will be worth more than their projected value at maturity. SMP...

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