The Pensions Regulator ‘choosing assumptions for defined benefit pension schemes’

This consultation document is published by the Pensions Regulator, the regulator of work- based pension arrangements. We propose to issue guidance outlining how trustees should go about deciding on funding assumptions for a defined benefit pension scheme.

There is a special focus on mortality assumptions with some background material provided. Given the technical nature of this topic, it will be particularly important for trustees to ensure that their actuaries guide them through the issues and explain the implications of different options.