Scheme Specific PCLS (for a DB scheme)
amelia1983
Member
Hi All,
Does anyone have experience with calculating Scheme Specific PCLS (for a DB scheme)?
We have a client who has a protected level of PCLS as at A-Day (he also has FP2014) and are now trying to calculate the value of this is now. We are aware that there is a calculation which can be used to determine the current level of the clients protected entitlement and have collated the following information:
-Pension Value (at A-Day)
-PCLS Entitlement (at A-Day)
-Pension Value (Current Value)
-Approximate Commutation Rates
We have attempted to follow an example calculation provided by Royal London, however we are not confident in our understanding of this to apply the same to our client.
If anyone has any suggestions or advice this would be greatly appreciated.
Comments
Get you Royal London rep to check it? Email it and they can refer to technical (assuming tv is going to RL)