4 November 2026
In the UK, pension illustrations are used to show how individuals’ savings could translate into long term income for retirement. Those illustrations rely on the actuarial assumptions that underpin them.
As the UK pensions landscape continues to evolve, the Financial Reporting Council (FRC) is seeking views on how actuarial standards for pensions illustrations should develop to support savers planning for retirement.
The FRC has published a call for feedback as part of a post implementation review of Actuarial Standard Technical Memorandum 1 (AS TM1) for statutory money purchase illustrations, alongside a discussion paper seeking views on how future standards could support pension illustrations both before and throughout retirement.
Stakeholders are invited to provide feedback on the post implementation review and on the discussion paper by 26 January 2027.
Read more and take part in consultation
Join the roundtable discussion
The FRC is also inviting stakeholders to attend a roundtable discussion. The roundtable is scheduled to take place online from 11:30 to 13:00 on 30 November 2026.
To express your interest in attending this roundtable, you can email stakeholderengagement@frc.org.uk