NHS pension transfers: actuarial assumptions

Explains the actuarial assumptions used in calculating bulk transfer amounts for moves to and from private sector pensions.



This document sets out the technical information which is used for bulk transfer arrangements between the NHS Pension Scheme (NHSPS) or NHS Pension Scheme 2015 (NHSPS 2015) and private sector funded pension schemes.

The information is used to value the liabilities in the NHSPS and/or NHSPS 2015 and to determine the service/pension credits which are required under the Fair Deal policy.