How have you used my bespoke stress information?
Schemes with protected liabilities of £1.5 billion have had to do bespoke analysis, using the approach set out in the Investment Risk Appendix and Guidance. Other schemes had the option to submit their results under this approach. This drew on information as at their latest annual accounts date to apply the asset stresses and risk factor stresses. Schemes then reported the effect of the stresses on their assets on this basis.
The bespoke stressed asset information is used to calculate a stress factor, which is the ratio of stressed asset value to unstressed asset value. This ratio is then applied to the smoothed section 179 value of assets as calculated by the PPF in line with the Transformation Appendix.
Published: Wednesday, August 08, 2012
Associated Subjects: New Levy Framework (Levy from 2012/13);Invoicing 2012/13
Associated Roles: Employers;Pensions Professionals
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