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Actuarial Standard TM1 specifies the actuarial assumptions and methods to be used in the calculation of Statutory Money Purchase Illustrations (SMPIs).
AS TM1: Statutory Money Purchase Illustrations: Version 4.2 (October 2016) (PDF)
AS TM1 version 4.2: transition statement for statements with illustration dates before 6 April 2017 (PDF)
Rationale for change - Version 4.2 of AS TM1: Statutory Money Purchase Illustrations (October 2016) (PDF)