Adjust 2013 year end assumptions to see the impact on the funding of Corporate UK Pensions Scheme
By using the unique power of Xafinity’s Model Solutions technology, Xafinity Corporate Solutions ‘Corporate UK Pensions Scheme’ model uses as its base, the dataset from the PPF and the Pensions Regulator's "Purple Book". The model covers over 93% of the UK's PPF-eligible defined benefit schemes and some 12.4 million members thus providing the most comprehensive and accurate appraisal of funding in the UK.
The “Corporate UK Pensions Scheme” model can project future funding positions. It accurately models the impact that future changes in the factors that influence assets and liabilities will have on the overall funding of UK pension schemes, whether measured on an ongoing funding, FRS17 or even buy-out basis.
Xafinity's unique actuarial valuation tool, Model Solutions, can precisely model the impact that current or future changes in any of the factors (e.g. inflation, bond yields, equity returns, longevity etc) affecting the scheme will have on your accounting and funding positions. Utilising the model you can, in real time, balance the risks and benefits of specific strategies, assess the costs of various options and create a strategy that best supports your corporate priorities.
If you would like the Xafinity Corporate Solutions team to model your pension scheme, complete your details below or call Robert Hunt on 0118 918 5434 for more information:
Outlined below is a brief description of the various data and calculation items used in Model Solutions.
The total market value of the assets invested in all defined benefit pension schemes in the UK at the given date.
Assets are split into three categories:
The size of the liabilities represents the present value of all future benefit payments to be made to the members of UK defined benefit pension schemes in respect of service to date. The present value is the sum of all future payments discounted back to the given date.
Liabilities are split into categories depending on the members’ current status
As at 31 December 2009, these are the mean assumptions that Xafinity assess applied for company accounting (FRS17) purposes. They have been tested against various surveys.
As at 31 December 2010, these are those expected to apply at the year end. They can be varied by the user with the results adjusting accordingly.
This compares the level of invested assets held by UK defined benefit pension scheme with the present value of their liabilities. If there are insufficient assets then there is said to be a deficit (the difference is shown in brackets). If assets exceed the liability there is said to be a surplus (difference not in brackets).
Xafinity SIPP Services Ltd is authorised and regulated by the Financial Services Authority