Sessional meeting by the Dynamic Discount Rates Working Party
This event and related paper explore key considerations for adopting a dynamic discount rate funding approach for pension schemes. It looks at the impacts of doing so in a range of areas, including funding volatility, investment strategy, and end game objectives. It considers the advantages and disadvantages of this approach from the perspective of a range of stakeholders and the challenges that need overcoming in order to fully implement and support the approach. It also considers how a dynamic discount rate approach fits within the proposed future funding regulations. Finally, it puts forward recommendations for the IFoA, scheme actuaries, and TPR.
Sessional meeting by the Dynamic Discount Rates Working Party