Actuaries and discount rates; a discussion

Document description

This report “Actuaries and Discount Rates” by Chinu Patel and Chris Daykin is the result of their initial research into past and current practice in the setting of discount rates in the UK, and a survey of existing research and debate. The report covers some initial steps towards developing a common language whilst acknowledging further work is needed on the most appropriate classification and ways of describing the concepts involved. The report has been gratefully received by the Discount Rate Steering Committee and that committee has decided to publish the report as they believe it provides a useful staging post in the overall objectives of the project whilst accepting that the final three packets of research are still to be fully tackled and completed.