From: "sylvian stone"
Newsgroups: uk.finance
Subject: Calculating Pension Annuity Factors - Medium Cohort adjustments
Date: 8 Dec 2005 06:25:24 -0800
posting-account=gabJhwwAAABcW2u-v_a834MQwrUCayg6
Hi, I made a posting on the subject of calculating pension annuity
factors on the FSA basis a couple of months ago. Instead of rehashing
this, the post can be found at:
http://groups.google.co.uk/group/uk.finance/browse_thread/thread/cca2893c41ed2b2a/2b971750f9dc5fae?q=annuity+factor&rnum=1#2b971750f9dc5fae
Having gone back and done a bit of reading / studying on this subject,
it is a lot clearer to me now how to do this.
However, I was recently told that the PMA92/PFA92 mortality arrays
which are used in these calculations should be adjusted on the medium
cohort basis.
I understand why the cohort adjustments are made - I'm just getting a
bit stumped about what exact adjustments should be made to the data
within these tables / how to make the adjustments....
Or is there a table floating about out somewhere with the medium cohort
adjustments already applied ?
I'm sure there are a few actuaries who read this group who could answer
this question.
Rgds
SS.
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