If your illustration appears to be showing the pensions ‘Effect of Deductions’ table instead, then this is indeed correct. The FCA regulates the output of illustrations, and within the current rules they allow for non-pensions illustrations to use the table followed by the pension illustration rules instead. We feel this method makes it easy to see the impact of the charges on the client’s projected values.
They do not require non-pension illustrations following this route to adjust for inflation. Inflation adjustment is only required for pensions.