COBS 19 Annex 4B 1Transfer value comparator
This annex belongs to COBS 19.1.3AR.
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2The firm must: |
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(1) |
revalue the future income benefits in COBS 19.1.3AR(1) by projecting them to the date they would normally be paid in accordance with the assumptions in COBS 19 Annex 4C 1R(4); |
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(2) |
determine the estimated future cost of the pension annuity in accordance with the assumptions in COBS 19 Annex 4C 1R(2); and |
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(3) |
apply the rate of return and charges in COBS 19 Annex 4C 2R to the amount determined in (2) to determine the estimated value needed at the calculation date. |
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