Summary of methods and assumptions used in the Scheme's valuation, as at 31 March 1999.
|
Funding Method: |
Projected Unit method |
|
Main financial assumptions |
% per annum |
|
Return on assets |
6.50 |
|
General pay increases |
4.25 |
|
Pensions increases |
2.50 |
|
Increases in the Lower Earnings Limit |
2.50 |
|
Increases in equity dividends |
3.00 |
|
|
|