{{Output_Title_1}} - {{Output_Title_2}}

ASSETS AND LIABILITIES

Liability value

Asset value

LIABILITY HEDGING

INVESTMENTS

Overseas equities %

UK equities %

Diversified growth funds %

Property %

Corporate bonds %

Higher-returning credit %

Fixed gilts %

Index-linked gilts %

Buy-in %

Cash (balancing item)

Total

{{Output_A_Impact_1}}

{{Output_A_Impact_2}} {{Output_A_Impact_3:Decimal;0%}}
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{{Output_A_Impact_5}}

{{Output_A_Impact_6}} {{Output_A_Impact_7:Decimal;0%}}

{{Output_B_Impact_1}}

{{Output_B_Impact_2}} {{Output_B_Impact_3:Decimal;0%}}
{{Output_B_Impact_4}}

{{Output_B_Impact_5}}

{{Output_B_Impact_6}} {{Output_B_Impact_7:Decimal;0%}}

{{Output_C_Impact_1}}

{{Output_C_Impact_2}} {{Output_C_Impact_3:Decimal;0%}}
{{Output_C_Impact_4}}

{{Output_C_Impact_5}}

{{Output_C_Impact_6}} {{Output_C_Impact_7:Decimal;0%}}

{{Output_D_Impact_1}}

{{Output_D_Impact_2}} {{Output_D_Impact_3:Decimal;0%}}
{{Output_D_Impact_4}}

{{Output_D_Impact_5}}

{{Output_D_Impact_6}} {{Output_D_Impact_7:Decimal;0%}}

{{Output_E_Impact_1}}

{{Output_E_Impact_2}} {{Output_E_Impact_3:Decimal;0%}}
{{Output_E_Impact_4}}

{{Output_E_Impact_5}}

{{Output_E_Impact_6}} {{Output_E_Impact_7:Decimal;0%}}

Scenario

Funding impact:

Global equities

Credit spreads

Gilt yields

Implied inflation

£ vs other currencies

a) Economy overheats

{{Output_A_Impact_6}} {{Output_A_Impact_7:Decimal;0%}}

b) Biden gets off to a good start

{{Output_B_Impact_6}} {{Output_B_Impact_7:Decimal;0.00%}}

c) Emerging market boom

{{Output_C_Impact_6}} {{Output_C_Impact_7:Decimal;0.00%}}

d) COVID - vaccines falter

{{Output_D_Impact_6}} {{Output_D_Impact_7:Decimal;0.00%}}

e) COVID - developing countries left behind

{{Output_E_Impact_6}} {{Output_E_Impact_7:Decimal;0.00%}}

Scenario

Funding impact:
Global equities
Credit spreads
Gilt yields
Implied inflation
£ vs other currencies

a) Economy overheats

{{Output_A_Impact_6}} {{Output_A_Impact_7:Decimal;0%}}
{{Output_A_Description_7}} {{Output_A_Description_12:Decimal;0.00%}}
{{Output_A_Description_8}} {{Output_A_Description_13:Decimal;0.00%}}
{{Output_A_Description_9}} {{Output_A_Description_14:Decimal;0.00%}}
{{Output_A_Description_10}} {{Output_A_Description_15:Decimal;0.00%}}
{{Output_A_Description_11}} {{Output_A_Description_16:Decimal;0.00%}}

b) Biden gets off to a good start

{{Output_B_Impact_6}} {{Output_B_Impact_7:Decimal;0.00%}}
{{Output_B_Description_7}} {{Output_B_Description_12:Decimal;0.00%}}
{{Output_B_Description_8}} {{Output_B_Description_13:Decimal;0.00%}}
{{Output_B_Description_9}} {{Output_B_Description_14:Decimal;0.00%}}
{{Output_B_Description_10}} {{Output_B_Description_15:Decimal;0.00%}}
{{Output_B_Description_11}} {{Output_B_Description_16:Decimal;0.00%}}

c) Emerging market boom

{{Output_C_Impact_6}} {{Output_C_Impact_7:Decimal;0.00%}}
{{Output_C_Description_7}} {{Output_C_Description_12:Decimal;0.00%}}
{{Output_C_Description_8}} {{Output_C_Description_13:Decimal;0.00%}}
{{Output_C_Description_9}} {{Output_C_Description_14:Decimal;0.00%}}
{{Output_C_Description_10}} {{Output_C_Description_15:Decimal;0.00%}}
{{Output_C_Description_11}} {{Output_C_Description_16:Decimal;0.00%}}

d) COVID - vaccines falter

{{Output_D_Impact_6}} {{Output_D_Impact_7:Decimal;0.00%}}
{{Output_D_Description_7}} {{Output_D_Description_12:Decimal;0.00%}}
{{Output_D_Description_8}} {{Output_D_Description_13:Decimal;0.00%}}
{{Output_D_Description_9}} {{Output_D_Description_14:Decimal;0.00%}}
{{Output_D_Description_10}} {{Output_D_Description_15:Decimal;0.00%}}
{{Output_D_Description_11}} {{Output_D_Description_16:Decimal;0.00%}}

e) COVID - developing countries left behind

{{Output_E_Impact_6}} {{Output_E_Impact_7:Decimal;0.00%}}
{{Output_E_Description_7}} {{Output_E_Description_12:Decimal;0.00%}}
{{Output_E_Description_8}} {{Output_E_Description_13:Decimal;0.00%}}
{{Output_E_Description_9}} {{Output_E_Description_14:Decimal;0.00%}}
{{Output_E_Description_10}} {{Output_E_Description_15:Decimal;0.00%}}
{{Output_E_Description_11}} {{Output_E_Description_16:Decimal;0.00%}}

Funding impact

{{Output_A_Impact_6}}

{{Output_A_Impact_7:Decimal;0%}}

{{Output_A_Description_2}}	{{Output_A_Description_7}}	{{Output_A_Description_12:Decimal;0.00%}}
{{Output_A_Description_3}}	{{Output_A_Description_8}}	{{Output_A_Description_13:Decimal;0.00%}}
{{Output_A_Description_4}}	{{Output_A_Description_9}}	{{Output_A_Description_14:Decimal;0.00%}}
{{Output_A_Description_5}}	{{Output_A_Description_10}}	{{Output_A_Description_15:Decimal;0.00%}}
{{Output_A_Description_6}}	{{Output_A_Description_11}}	{{Output_A_Description_16:Decimal;0.00%}}

Funding impact

{{Output_B_Impact_6}}

{{Output_B_Impact_7:Decimal;0%}}

{{Output_B_Description_2}}	{{Output_B_Description_7}}	{{Output_B_Description_12:Decimal;0.00%}}
{{Output_B_Description_3}}	{{Output_B_Description_8}}	{{Output_B_Description_13:Decimal;0.00%}}
{{Output_B_Description_4}}	{{Output_B_Description_9}}	{{Output_B_Description_14:Decimal;0.00%}}
{{Output_B_Description_5}}	{{Output_B_Description_10}}	{{Output_B_Description_15:Decimal;0.00%}}
{{Output_B_Description_6}}	{{Output_B_Description_11}}	{{Output_B_Description_16:Decimal;0.00%}}

Funding impact

{{Output_C_Impact_6}}

{{Output_C_Impact_7:Decimal;0%}}

{{Output_C_Description_2}}	{{Output_C_Description_7}}	{{Output_C_Description_12:Decimal;0.00%}}
{{Output_C_Description_3}}	{{Output_C_Description_8}}	{{Output_C_Description_13:Decimal;0.00%}}
{{Output_C_Description_4}}	{{Output_C_Description_9}}	{{Output_C_Description_14:Decimal;0.00%}}
{{Output_C_Description_5}}	{{Output_C_Description_10}}	{{Output_C_Description_15:Decimal;0.00%}}
{{Output_C_Description_6}}	{{Output_C_Description_11}}	{{Output_C_Description_16:Decimal;0.00%}}

Funding impact

{{Output_D_Impact_6}}

{{Output_D_Impact_7:Decimal;0%}}

{{Output_D_Description_2}}	{{Output_D_Description_7}}	{{Output_D_Description_12:Decimal;0.00%}}
{{Output_D_Description_3}}	{{Output_D_Description_8}}	{{Output_D_Description_13:Decimal;0.00%}}
{{Output_D_Description_4}}	{{Output_D_Description_9}}	{{Output_D_Description_14:Decimal;0.00%}}
{{Output_D_Description_5}}	{{Output_D_Description_10}}	{{Output_D_Description_15:Decimal;0.00%}}
{{Output_D_Description_6}}	{{Output_D_Description_11}}	{{Output_D_Description_16:Decimal;0.00%}}

Funding impact

{{Output_E_Impact_6}}

{{Output_E_Impact_7:Decimal;0%}}

{{Output_E_Description_2}}	{{Output_E_Description_7}}	{{Output_E_Description_12:Decimal;0.00%}}
{{Output_E_Description_3}}	{{Output_E_Description_8}}	{{Output_E_Description_13:Decimal;0.00%}}
{{Output_E_Description_4}}	{{Output_E_Description_9}}	{{Output_E_Description_14:Decimal;0.00%}}
{{Output_E_Description_5}}	{{Output_E_Description_10}}	{{Output_E_Description_15:Decimal;0.00%}}
{{Output_E_Description_6}}	{{Output_E_Description_11}}	{{Output_E_Description_16:Decimal;0.00%}}

Funding impact:

Global equities

Credit spreads

Gilt yields

Implied inflation

£ vs other currencies

{{Output_A_Impact_6}} {{Output_A_Impact_7:Decimal;0%}}

{{Output_A_Description_7}} {{Output_A_Description_12:Decimal;0.00%}}

{{Output_A_Description_8}} {{Output_A_Description_13:Decimal;0.00%}}

{{Output_A_Description_9}} {{Output_A_Description_14:Decimal;0.00%}}

{{Output_A_Description_10}} {{Output_A_Description_15:Decimal;0.00%}}

{{Output_A_Description_11}} {{Output_A_Description_16:Decimal;0.00%}}

{{Output_B_Impact_6}} {{Output_B_Impact_7:Decimal;0%}}

{{Output_B_Description_7}} {{Output_B_Description_12:Decimal;0.00%}}

{{Output_B_Description_8}} {{Output_B_Description_13:Decimal;0.00%}}

{{Output_B_Description_9}} {{Output_B_Description_14:Decimal;0.00%}}

{{Output_B_Description_10}} {{Output_B_Description_15:Decimal;0.00%}}

{{Output_B_Description_11}} {{Output_B_Description_16:Decimal;0.00%}}

{{Output_C_Impact_6}} {{Output_C_Impact_7:Decimal;0%}}

{{Output_C_Description_7}} {{Output_C_Description_12:Decimal;0.00%}}

{{Output_C_Description_8}} {{Output_C_Description_13:Decimal;0.00%}}

{{Output_C_Description_9}} {{Output_C_Description_14:Decimal;0.00%}}

{{Output_C_Description_10}} {{Output_C_Description_15:Decimal;0.00%}}

{{Output_C_Description_11}} {{Output_C_Description_16:Decimal;0.00%}}

{{Output_D_Impact_6}} {{Output_D_Impact_7:Decimal;0%}}

{{Output_D_Description_7}} {{Output_D_Description_12:Decimal;0.00%}}

{{Output_D_Description_8}} {{Output_D_Description_13:Decimal;0.00%}}

{{Output_D_Description_9}} {{Output_D_Description_14:Decimal;0.00%}}

{{Output_D_Description_10}} {{Output_D_Description_15:Decimal;0.00%}}

{{Output_D_Description_11}} {{Output_D_Description_16:Decimal;0.00%}}

{{Output_E_Impact_6}} {{Output_E_Impact_7:Decimal;0%}}

{{Output_E_Description_7}} {{Output_E_Description_12:Decimal;0.00%}}

{{Output_E_Description_8}} {{Output_E_Description_13:Decimal;0.00%}}

{{Output_E_Description_9}} {{Output_E_Description_14:Decimal;0.00%}}

{{Output_E_Description_10}} {{Output_E_Description_15:Decimal;0.00%}}

{{Output_E_Description_11}} {{Output_E_Description_16:Decimal;0.00%}}

a) Economy overheats

{{Output_A_Impact_3:Decimal;0%}}

{{Output_A_Impact_4}}

{{Output_A_Impact_6}} {{Output_A_Impact_7:Decimal;0%}}

b) Biden gets off to a good start

{{Output_B_Impact_6}} {{Output_B_Impact_7:Decimal;0.00%}}

c) Emerging market boom

{{Output_C_Impact_6}} {{Output_C_Impact_7:Decimal;0.00%}}

d) COVID - vaccines falter

{{Output_D_Impact_6}} {{Output_D_Impact_7:Decimal;0.00%}}

e) COVID - developing countries left behind

{{Output_E_Impact_6}} {{Output_E_Impact_7:Decimal;0.00%}}

Back

JPSV

ASSETS AND LIABILITIES

LIABILITY HEDGING

INVESTMENTS

{{Output_Title_1}}

{{Output_Title_2}}

{{Output_A_Title}}

{{Output_B_Title}}

{{Output_C_Title}}

{{Output_D_Title}}

{{Output_E_Title}}

Scenario

a) Economy overheats

b) Biden gets off to a good start

c) Emerging market boom

d) COVID - vaccines falter

e) COVID - developing countries left behind

Scenario

a) Economy overheats

b) Biden gets off to a good start

c) Emerging market boom

d) COVID - vaccines falter

e) COVID - developing countries left behind

{{Output_A_Title}}

{{Output_B_Title}}

{{Output_C_Title}}

{{Output_D_Title}}

{{Output_E_Title}}

{{Output_A_Title}}

{{Output_B_Title}}

{{Output_C_Title}}

{{Output_D_Title}}

{{Output_E_Title}}

a) Economy overheats

b) Biden gets off to a good start

c) Emerging market boom

d) COVID - vaccines falter

e) COVID - developing countries left behind