Impact Provision 1% interest rate Average Model change Data update Males -1.6% -0.5% Females -1.4% -0.8% Total -2.1% -2.2% Table 7.9 Impact on provisions for model portfolio “average” at 1% interest rate The table shows that more than 2/3rds of the decrease in provisions is explained by the model change. Table 7.10 shows the provision effect on the separate benefits for various ages. As with the impact on the provisions of the model fund, the impact of the new table is more severe at lower ages. For SP in payment the impact increases for higher ages. Impact Technical Provision Males 3% interest rate 25 45 65 85 1% interest rate 25 45 65 85 OAP Latent SP Females OAP Latent SP Males SP in Females SP in payment* payment -2.6% 2.1% -2.6% 5.3% -0.5% -0.5% -2.5% 1.1% -2.3% 2.0% -0.9% -0.9% -1.8% 0.5% -1.4% -1.1% -1.8% -1.4% -1.9% -1.1% -1.4% -2.2% -1.9% -1.4% OAP Latent SP OAP Latent SP SP in SP in payment* payment -3.2% 1.1% -3.1% 3.9% -1.0% -1.0% -3.1% 0.3% -2.8% 0.8% -1.5% -1.4% -2.3% -0.2% -1.8% -2.0% -2.3% -1.8% -2.1% -1.3% -1.5% -2.5% -2.1% -1.5% Table 7.10 Impact on provisions by age and gender of the transition from AG2018 to AG2020 (difference AG2020 minus AG2018 expressed as a percentage of AG2018) * The effect on the provisions of survivor’s pensions in payment refer to the gender of the surviving partner. Projections Life Table AG2020 Results 33
35 Online Touch Home