The DWP has published a consultation paper on guidance relating to the methods and assumptions to be used when undertaking a valuation for relevant Financial Assistance Scheme (FAS) qualifying schemes. When undertaking FAS valuations, actual buy-out quotes provided by insurers will not be available, therefore the guidance includes a synthetic buy-out basis that actuaries will use to determine the value of relevant liabilities.

Feedback is invited and the consultation period runs until 15 May 2009.

View the consultation paper (pdf)(144KB)