The Pension Protection Fund (PPF) has called on pension trustees to assess whether the change in definition of money purchase benefits will impact their valuations.
Schemes must carry out an out-of-cycle s179 valuation if there is a material impact on valuations. The PPF defines this as more than a 10% increase in the deficit of the latest s179 valuation, or 1...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
