Guidance issued on 30 September 2010

The DWP has issued guidance on the methods and assumptions to be used for FAS valuations. The new guidance applies to schemes with a valuation date on or after 30 September 2010 and includes information on the assumptions to be used when valuing liabilities expected to revalue in deferment or index in payment in line with increases in the Consumer Prices Index (CPI) rather than the Retail Prices Index (RPI). In addition, the section in the previous guidance on the treatment of underpin benefits has been removed.