UK - The Pension Protection Fund (PPF) is considering changing valuation assumptions for pension schemes, to bring them in line with pricing in the buyout market.
It said it was considering making the changes in the light of recent developments and the expansion of the buyout market.
"The changes may result in fewer schemes entering the PPF because valuations based on the proposed new assumptions may mean they are able to pay benefits greater than PPF levels of compensation," the PPF said in a statement.
The last time the PPF changed these assumptions was in September 2006. The consultation period is open until 14 March.
The Pensions Regulator (TPR) has set out plans to use "new regulatory initiatives" with over 1,000 schemes as it aims to tighten its regulatory grip and boost member outcomes.
HM Revenue and Customs (HMRC) has announced it is delaying the provision of data that will enable pension schemes to confirm the guaranteed minimum pension (GMP) benefits to pay to members until the end of the year.
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