This section holds guidance issued by the Government Actuary's Department (GAD) acting in their capacity as Scheme Actuary, appointed by the Secretary of State.
HM Treasury reduced the SCAPE discount rate from 2.8% to 2.4%pa above CPI from 29 October 2018. As a result of the change, the Government Actuary’s Department (GAD) undertook a factor review for the Firefighters’ Pension Schemes. The revised factors were provided by email to FRAs, during 2018-19, with a consolidated workbook of factors in October 2019.
The following factor table and guidance note cover sheet has been provided as a summary of the most recent factors and guidance. More detailed information, including archived factors can be found listed in the menu options above, broken down by category and further divided by scheme under each category.