|
We get a lot of questions on this issue! |
Pension scheme deficits continue to make the headlines and many companies will be approaching their 2017 actuarial valuations with trepidation. However, behind the headlines it is not all doom and gloom for UK pension schemes. Asset values are up and the expected pension payments from schemes are largely unchanged. |
First Actuarial Best-estimate Index (or FAB Index for short) has generated a significant amount of interest amongst the pensions industry – and has even been quoted in Parliament and the Government’s recent green paper. The FAB Index is calculated assuming the UK’s 6,000 DB pension schemes continue to pay out benefits as they fall due and allowing for our best estimate of the future investment returns they will earn on their assets. This best-estimate measure is important to consider when setting a DB pension scheme’s financial strategy. The FAB index consistently shows a surplus of more than £250bn, so many companies will be wondering how real is their pension scheme deficit and why are they being asked to contribute more money? |
Our webinar will provide practical guidance on how to approach your next valuation, including: |
|
The webinar will start at 11am on Tuesday 20 June and will be presented by Peter Shellswell and Sam Mullock. It will last around 40 minutes and will be of interest to finance directors, financial controllers, trustees and anybody with defined benefit scheme responsibilities. |
Book your place on our webinar please visit: |
We hope that you can join us. For any questions please email webinars@firstactuarial.co.uk. |