9
Future Discretionary Benefits
9.1
Where future discretionary benefits depend on the assets held by the firm, the firm must base the calculation of the best estimate on the assets it currently holds and must assume future changes of their asset allocation in accordance with 8. The assumptions on the future returns of the assets must be consistent with the relevant risk-free interest rate term structure, including where applicable a matching adjustment, a volatility adjustment, or a risk-free interest rate transitional measure, and the valuation of the assets in accordance with 2 to 12 of the Valuation Part.
- 31/12/2024