A consultation paper detailing a new technical actuarial standard on pensions has been published.
Issued by the UK Board for Actuarial Standards (BAS), the new rule is aimed at improving the quality of data available to users of actuarial information.
Louise Pryor, director of the BAS, said: "The pensions consultation builds on the solid foundation being laid down by the Generic Standards and will help to ensure that trustees, sponsors and others receive clear and reliable actuarial information to enable them to make informed decisions."
Issues covered by the document include whether best estimates of pension liabilities should be included in reports, and the principles underlying the selection of discount rates used in the valuation of such liabilities.
Interested parties should ensure that feedback on the proposed standard is submitted by September 18th 2009.
Earlier this year, the BAS published exposure drafts for new principles-based actuarial standards on data and modelling.
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