FSA reviews its figures

Professional Adviser
clock

By Susan Bell Improved life expectancy of the phase two pensions review population has prompted the ...

By Susan Bell Improved life expectancy of the phase two pensions review population has prompted the Financial Services Authority (FSA) to adjust the calculations used to determine loss and redress The rates of return and the mortality decrements which should be used for calculating actual and prospective loss and redress for pension transfers and opt outs should now assume mortality in line with the standard mortality table PA(90) rated down three years Changes to the authority's guidance were decided following advice from the FSA's independent actuarial advisers that the original mortal...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •