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FSA consults on pension projections

The FSA has opened its consultation on changes to pension projections to take into account the introduction of the Government’s combined benefit statements.

From April 2003, providers will have to provide a yearly illustration of money purchase pensions benefits based on real rates of projection in today’s prices.

The FSA wants to include real projections in key features documents and take account of mortality trends, interest rates and state pension reform. Comments are needed by 19 July.

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