Latest factor changes

New factors have been provided by the Government Actuary’s Department (GAD) for Trivial Commutation, Inverse Commutation, Scheme Pays Annual Allowance, Scheme Pays Lifetime Allowance, Premature Retirement and Club Transfers.

The factors are effective from 1 October 2023, except for the Scheme Pays Annual Allowance and Scheme Pays Lifetime Allowance, which have an effective date of 1 November 2023.

Currently other factors remain the same but are subject to an ongoing review by GAD.

To stay updated on the latest news about these factors, please check our website and social media channels.