The Council for Return Expectations draws up and publishes background notes and other documentation on its work on setting return assumptions.
The common return expectations are updated every six months
When the council publishes new expectations, they describe the changes in the expectations in relation to last time and explain the background to these changes.
The common return expectations are divided into short, medium, and long term. The short-term expectations must be applied to projections for the first 5 years. The medium-term expectations must be applied for years 6-10. The long-term expectations are applied from year 11 and onwards.
Typically, for the short and medium terms, there will be major or minor changes from half-year to half-year. The expectations for the long term will typically be more stable from year to year.