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Brief
"On 07/11/2024, the Financial Reporting Council (FRC) issued an update regarding Actuarial Standard Technical Memorandum 1. The FRC proposes to keep AS TM1 v5.1 in force for Statutory Money Purchase Illustrations based on calculations performed between 6 April 2025 and 5 April 2026. Stakeholders have until 7 December 2024 to provide feedback, with results expected to be published by 15 February 2025."
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