The Standard for Pension Projections aims to help the Swedish pension insurance industry serve its clients better.

The Standard provides a tool for consistent projections across the industry. Two guiding principles have driven the Standard:

• Consistent and accurate calculation method.
   
• Comprehensibility.

The Standard could be applied to all various kinds of pension schemes and products. A “full projection”, i.e. a projection of both accrued pension capital or pension rights and of future contributions, is assumed to be the most appropriate method for pension projections. The principal reason is that a full projection is the only method that takes the whole insurance period into account and answers the question: What pension amount can I expect as a retiree?

The future earnings, and thus future contributions, are left unchanged during the projection period. This applies for all general factors like prices, general wages, return on capital etc. This meets the aim of the Standard by fostering comprehensibility among recipients. Actual product-specific data (e.g. fees, life expectancy) should be used if possible. If no current data are available the Standard provides default values.