Eh? Oh yes it is!Tim said:But that's not possible!
It is perfectly possible to perform a review in exactly the same way as
any other statutory actuarial review of a pension.!!
So, you seem to be saying that every statutory actuarial review of aThe usual way is to use the *difference* between future assumed investment
return and future assumed salary increases -- and similarly the *difference*
between future assumed investment return and future assumed inflation
That's because equity returns tend to be 'real' - and hence move with the
level of salary increases / inflation.
But if you are "locked-in" to a particular fixed return on gilts, that
wouldn't be possible...
pension fund is impossible?