PPF consults on valuations after money purchase definition change

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The Pension Protection Fund (PPF) has opened a consultation on its proposal to call for out of cycle valuations following changes to the definition of money purchase benefits.

The changes, which will take effect from July (PP Online, 7 May), will mean some defined contribution (DC) benefits will be reclassified as defined benefit (DB) and will fall under PPF protection. ...

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