Reviews of accumulation rate assumptions
AS TM1 – Reviews of accumulation rate assumptions
When the FRC issued version 3.0 in December 2012, it noted its intention to monitor the accumulation rate assumptions used in statutory money purchase illustrations (SMPIs) in order to assess the impact of the removal of the cap on the accumulation rate assumption.
Annually since 2013 the FRC has invited providers to complete a questionnaire on their approach to setting the accumulation rate and other assumptions for SMPIs. The results of the reviews can be found here: