Actuarial Standard Technical Memorandum: AS TM1

AS TM1 Actuarial Standard Technical Memorandum

Introduction

Actuarial Standard TM1 specifies the actuarial assumptions and methods to be used in the calculation of Statutory Money Purchase Illustrations (SMPIs).

Current versions

Documents

Name	AS TM1: Statutory Money Purchase Illustrations v5.1 (from 6 April 2024)
Publication date	9 February 2024
Effective from	6 April 2024
Type	Standard
Format	PDF, 3.6 MB
Name	AS TM1 Statutory Money Purchase Illustrations Version 5.1 Guidance
Publication date	8 April 2024
Type	Guidance
Notes	This updated guidance document refers to standard AS TM1 v5.1, rather than v5.0, but with no changes to the guidance provided.
Format	PDF, 314.9 KB

Consultation on AS TM1 v5.1

This consultation closed on 4 December 2023 and the FRC’s feedback on the consultation is available from the link in Past publications below or from the consultation's page:

• Consultation on AS TM1 v5.1

Past publications

Documents

Name	AS TM1: Statutory Money Purchases Illustrations: Feedback Statement and Impact Assessment
Publication date	9 February 2024
Type	Feedback paper
Format	PDF, 2.5 MB
Name	AS TM1 Accumulation Rates – Technical Analysis as at 30 September 2023
Publication date	3 November 2023
Format	PDF, 384.9 KB
Name	AS TM1: Statutory Money Purchase Illustrations v5.0 (from 1 October 2023)
Publication date	7 October 2022
Type	Standard
Format	PDF, 389.5 KB
Name	AS TM1 Statutory Money Purchase Illustrations Version 5.0 Guidance (Revised 2023)
Publication date	21 June 2023
Format	PDF, 319.0 KB
Name	AS TM1 Accumulation Rates - Technical analysis as at 30 September 2022 (January 2023)
Publication date	27 January 2023
Format	PDF, 400.7 KB
Name	AS TM1: Statutory Money Purchases Illustrations : Feedback Statement and Impact Assessment
Publication date	7 October 2022
Format	PDF, 2.8 MB
Name	AS TM1 Accumulation Rates – Technical Analysis as at 31 August 2021
Publication date	7 October 2022
Format	PDF, 2.3 MB
Name	AS TM1: Statutory Money Purchase Illustrations: Version 4.2 (October 2016)
Publication date	3 October 2016
Type	Standard
Format	PDF, 171.5 KB

• AS TM1 Assumptions to remain unchanged prior to implementation of AS TM1 v5.0 (December 2022)
• FRC concludes no changes needed to AS TM1 (January 2023)
• Proposed revision to AS TM1: Statutory Money Purchase Illustrations (February 2022)

• Actuarial Standards Archive

Feedback and queries on AS TM1 can be provided to [email protected]

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