When details are received, first check that there is no unacceptable augmentation. This involves looking at the assumptions used by the scheme's actuary or the Life Office to see whether they can be regarded as reasonable. This is easier where the scheme is self-administered because the actuary's assumptions will normally be those used in the actuarial report (except perhaps where the transfer has been made in kind, such as by assignment of an insurance policy, rather than in cash). Where a transfer in kind has been accepted the actuary may consider that the future growth prospects for that asset are different compared with the scheme's other investments. It is less easy to make comparisons where the receiving scheme is policy-operated. You can use the Life Office's normal funding assumptions as a yardstick but if you need further information ask for it.
