Pensions and growth: smoothing of assets

This call for evidence asked for views on:

• whether the smoothing of assets and liabilities would be appropriate in schemes undertaking technical provisions (part 3) valuations, considering impacts on members, sponsoring employers and the Pension Protection Fund
• how smoothing might be applied
• whether a new statutory objective for the regulator is necessary, or whether the appropriate considerations can be delivered under existing objectives, or alternatively whether other changes to the legislation are required.