G
Gareth
Member
In unit 16, page 8 of the core reading there is an example about writing a letter to a dc pension scheme member giving benefit projections. Part of the model solution on points to be covered in the letter includes:
"The pension conversion terms cannot be known with any certainty ... will depend largely on the investment return ... on a matching asset class ... The bonds maybe fixed interest or index linked..."
Plenty of technical jargon there for the poor layman scheme member!
"The pension conversion terms cannot be known with any certainty ... will depend largely on the investment return ... on a matching asset class ... The bonds maybe fixed interest or index linked..."
Plenty of technical jargon there for the poor layman scheme member!