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PPF publishes s143 valuation assumptions consultation response

The Pension Protection Fund has today published its full response to its latest section 143 (s143) valuation assumptions consultation, which outlined proposals to allow marginally overfunded smaller schemes to use a bespoke discount rate for certain valuations during the assessment period.

Introduction to the levy

Similar to an insurance premium, the amount of levy each scheme pays is primarily based on the risk of its sponsoring employer becoming insolvent. A small portion of the levy we collect is based on the size of the scheme. 

What is the levy and who pays it?

All eligible schemes pay the levy to help make sure their members are protected.

Levy payers

Help shape our rules

We consult on proposed changes to the levy rules and use feedback to better inform our final decisions.

PPF marks a productive year in its 2023/24 Annual Report

The Pension Protection Fund (PPF) has today published its 2023/24 Annual Report and Accounts, highlighting its strong investment performance and continued customer service excellence. 

Annual Report shows another successful year for the PPF

Today we’ve published our Annual Report and Accounts, which looks back at our achievements and challenges over the last financial year, outlines our financial performance and describes our progress against our strategic objectives.

Step down factors for previous periods

If you need to access step down factors that were used in the past, simply follow the links to the appropriate tables, detailed below. Effective dates on or after 1 October 2020 and prior to 1 October 2021 For all determinations in respect of a step down pension with an effective date between 1 October 2020 and 30 September 2021, please use the following:

Late retirement factors for previous periods

If you need to access late retirement factors that were used in the past, simply follow the links to the appropriate tables, detailed below.

Guaranteed minimum pension (GMP)

Information and guidance on Guaranteed Minimum Pension and equalisation.