Response to valuation assumptions consultation

We received 13 responses to our consultation. They were generally positive, so we’ve decided to proceed with the majority of our proposed set of assumptions, with an amendment to the mortality assumptions for s143 valuations. 

The amendment we’ve made makes sure we don’t double-count lower mortality rates for high earners. This will only impact schemes with very high earners, which can request bespoke, scheme-specific mortality assumptions if necessary.

Effective date

The changes come into effect from 1 May 2021.

Next steps

Read the full response to the consultation, including a summary of the responses received and the reason for our decisions.

Read the updated assumptions guidance document for s143, version B9.

Read the updated assumptions guidance document for s179, version A10.