IFA comments on projection rates review

Martin Brook from Brook Financial Advice says: I have just read your article on projection rates. It is essential that all contracts, whether past, present, or future provide projections, since they are a fundamental tool in: 1) calculating different premium requirements, assuming different returns, for any form of planning that requires a targeted amount at a given point in time (mortgage planning; retirement; school fees to name but a few); 2)enables an adviser to have a discussion on which return to assume dependant on underlying assets i.e. help customers assess risk; 3) once custo...