Three things we learned this week

FSA confirms pension KFI changes The Financial Services Authority (FSA) has confirmed changes to rules relating to mortality projections in pension key facts illustrations (KFIs). The requirements set out the mortality assumption for firms to use when illustrating a future annuity within a KFI. Earlier this year, the regulator proposed changing the assumption by updating it for improved longevity and aligning it with the basis used by the Financial Reporting Council (FRC), so that the mortality basis for KFIs is consistent with that for annual pension statements. To read more cli...