Superfunds modelling
The Government Actuary’s Department has prepared an actuarial modelling report to help DWP assess the effectiveness of possible options to regulate superfunds.
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The Government Actuary’s Department has completed stochastic modelling to investigate an approach to funding and regulating superfunds. The work was commissioned by the Department for Work and Pensions (DWP) to support its response to the 2018 Superfund Consultation.
The 2018 Superfund Consultation has proposed an authorisation regime to assess whether a superfund is financially sustainable, well governed, and has a high probability of being able to pay members their benefits due. The main purpose of the GAD modelling was to assess regulatory aspects to determine whether a suitable authorisation regime might meet the superfund policy objectives.