Mortality assumptions meaning

THIS PRACTICE NOTE APPLIES IN RELATION TO DEFINED BENEFIT LIABILITIES How defined benefit (DB) liabilities ought to be assessed depends on a number of factors, in particular: the valuation approach to be adopted. Common exercises undertaken comprise the following: scheme-specific funding valuations as required under Part 3 of the Pensions Act 2004 (PeA 2004) solvency (or buy-out) valuations as required by the Occupational Pension Scheme (Scheme Funding) Regulations 2005, SI 2005/337, reg 7 valuations required by the PeA 2004, ss 143 and 179 (often described respectively as s 143 valuations and s 179 valuations) neutral estimates to meet the requirements of Technical Actuarial Standard 300 (Pensions) cash equivalent transfer values (CETV) as specified under the Occupational Pension Schemes (Transfer Values) Regulations 1996, SI 1996/1847 IAS19 and UK GAAP valuations whether the liabilities under review concern past service or future service, as distinct categories This Practice Note sets...

PI & Clinical Negligence horizon scanner—August 2020 [Archived] ARCHIVED: This Practice Note has been archived and is no longer maintained. It provides a condensed account of the principal legal developments pertinent to personal injury and clinical negligence practitioners as at August 2020. For the most up-to-date horizon scanner, please refer to PI and Clinical Negligence horizon scanning—overview. Ogden 8 On 17 July 2020, the Government Actuary’s Department issued the eighth edition of the Ogden Tables. In this edition, the explanatory notes have been wholly rewritten and extended to include pension loss claims and periodical payment orders. The actuarial tables have been amended to incorporate updated mortality assumptions and to span a broader range of retirement ages...