Statement of Reasonable Projection (SRP)

Instructions for use – Statement of Reasonable Projection (SRP)

• The model document under 'Related File(s)' below is a sample SRP. Information will need to be tailored to the particular scheme/member and you may wish to amend the layout or add additional information that you feel is useful for the member, for example, some providers may wish to also show a projection of expected benefits were the member to make additional voluntary contributions (AVCs).
• Where figures are used, they are for illustrative purposes only.
• The model document contains endnotes which provide further information for the person preparing the SRP only. These deal with:

          - Information to be given where a pension adjustment order is in place

          - Value of fund and projections

While the Authority considers that this sample SRP has been prepared in accordance with the relevant legislation at 29 September 2014, anyone preparing a statement of reasonable projection should satisfy themselves that the information given is compliant with the applicable legislative requirements.