Deferreds Basis: Death

Spouse's Reversion Death Before Retirement

Enter the spouse’s reversion payable on death before retirement as a percentage i.e. for 50% enter 50 not 0.50.

Death Cash Multiple

This field is used to value a lump sum multiple of the PUP payable on death before retirement. Enter the multiple of PUP payable i.e. enter 5 for 5 times the PUP.

Add/Compare

SuperVal has the option to either Add or Compare the lump sum cash benefits payable on death in deferment when a Conts Data Item is valued.

Select Add from the drop-down list if the lump sum on death before retirement is the sum of the multiple of PUP and the Conts Data Item and Plus Conts Data Item increased with interest.
Select Compare from the drop-down list if the lump sum on death before retirement is the greater of multiple of PUP and the contribution data items increased with interest.

Conts Data Item

Plus Conts Data Item

These fields can be used to value an additional contribution item to be paid on death in deferment. Select from the drop-down list the appropriate data item. Once specified, you will be asked to enter the Conts Interest Rate to be used.

If you only wish to value one cash lump sum to be paid on death, leave the second item blank.

Please note that the standard item ACW is actually used to value any underpin rather than a return of contributions. However, it can still be used as a contributions item by selecting it here.

Conts Interest Rate

Plus Conts Interest Rate

This is the rate at which either Cont Data Item or Plus Conts Data Item will increase in deferment.

Select from the drop-down list the Global Financial Parameter that contains the rate applicable. Once selected the current value is shown to the right of this field.

To add a new Global Financial Parameter use the Edit Scheme Financials button at the bottom of this tab.

Edit Scheme Financials

Clicking the Edit Scheme Financials button takes you to the Scheme Financials menu.

Here you will be able to see a list of all the Financials that are currently defined. Double-click on the tree to see an expanded list of all financial assumptions that are defined.

Click the Add/Edit Financials to change the value of one of the assumptions.

SaveAs

Click the Save As button to save with a new file name.

Save

Clicking on the Save button allows you to save the entries.

Quit

Clicking on the Quit button allows you to exit without saving any of your changes.

In some of the screens you will be asked to confirm if you want to exit Ignoring all changes. If you click Yes, the file will be closed without saving any changes. If you click No you will be returned to your original screen.

From the Browser, the Quit button will take you to a graphical display of the results.