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Assumptions underlying your Statutory Money Purchase Illustration
(SMI) as at April 2017
The underlying assumptions used to calculate your illustration must follow
guidance published by The Financial
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How to fill out assumptions underlying your statutory

How to fill out assumptions underlying your statutory
01
Identify the relevant statutory requirements
02
Gather all the necessary information and data
03
Review the statutory language and any accompanying regulations or guidelines
04
Identify key terms and concepts within the statute
05
Identify any presumptions or default assumptions provided by the statute
06
Make a comprehensive list of assumptions that need to be made
07
Evaluate the potential impacts and consequences of these assumptions
08
Consider the practicality and feasibility of the assumptions
09
Document the assumptions in a clear and organized manner
10
Regularly revisit and update the assumptions as needed
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What is assumptions underlying your statutory?
Assumptions underlying your statutory are the key variables and factors used to determine the financial position and performance of an entity.
Who is required to file assumptions underlying your statutory?
All entities subject to statutory reporting requirements are required to file assumptions underlying their statutory.
How to fill out assumptions underlying your statutory?
Assumptions underlying your statutory can be filled out by providing accurate and detailed information on the various factors that impact the financial standing of the entity.
What is the purpose of assumptions underlying your statutory?
The purpose of assumptions underlying your statutory is to provide transparency and accountability in financial reporting, helping stakeholders make informed decisions.
What information must be reported on assumptions underlying your statutory?
Information such as revenue forecasts, expense projections, market trends, and any other factors affecting the financial health of the entity must be reported on assumptions underlying your statutory.
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