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PPF Confirms changes to S143 and S179 assumptions
The Pension Protection Fund (PPF) is making changes to the actuarial assumptions used in s179 and s143 valuations, following a consultation.PPF consults on changes to S143 and S179 assumptions
The Pension Protection Fund (PPF) has published a consultation document proposing changes to the actuarial assumptions used in s179 and s143 valuations.PPF Confirms changes to S143 and S179 assumptions
The Pension Protection Fund (PPF) is making changes to the actuarial assumptions used in s179 and s143 valuations, following a consultation.Pension professionals
Actuaries, lawyers and other scheme advisers can get in-depth technical guidance, updates and news here.Valuation guidance for previous periods
Below is a list of historical effective dates with links to the correct guidance (G and H) and relevant assumptions (A and B). The effective dates relate to the time when the assets and liabilities of the scheme were calculated. To find the period of guidance that you’re looking for, simply click on the links attached to the dates. Please note that all dates are inclusive.Compensation cap factors valid for previous periods
Paragraphs 26 and 27 of Schedule 7 of the Pensions Act 2004 set out the circumstances in which the compensation cap applies and how and when it should be increased. In July 2021 the Court of Appeal ruled the PPF compensation cap was unlawful on the grounds of age discrimination, so we’re no longer applying it and we’re removing it from affected PPF pensioners. The information below is provided for advisers who still need to refer to previous calculation tables and factors.Valuation guidance
All the guidance you need to complete a valuation in line with sections 143, 152, 156, 158 and 179 of the Pensions Act 2004.Insolvency guidance and support
If you need further help and support, please feel free to give us a call or email. We welcome direct and early engagement and always treat all conversations in strict confidence, even speaking on a ‘no names’ basis initially if you prefer. General guidance on insolvency and the assessment period These notes will help you meet your statutory obligations and our expectations conducting insolvencies during the assessment period.
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