Each year we update our actuarial factors to make sure they’re actuarially equivalent, i.e., so that the cost to us of providing each member's compensation is the same regardless of the choices they make around their retirement.
Contingent assets are arrangements that can be put in place to support the level of scheme funding, particularly in the event of employer insolvency.
You need to allow cookies to view this video. Click the below link to manage your cookie settings and select "Targeting Cookies" on the left hand side.