The Paper sets out to examine whether existing group pension business written on certain premium bases will prove to be profitable or not. In the first part of the Paper the trends and effects of mortality, interest, income tax and expenses are examined in turn and a table of annuity values is constructed embodying the conclusions drawn.

In the second part of the Paper the working of a model group pension scheme for the year 1955 and the results of the year's working are analysed, firstly according to the assumed experience basis, and secondly according to the premium basis.