The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
The lifeboat fund is required by law to update the s143 and s179 valuation methods to correlate with bulk annuity pricing. The s143 valuation calculates whether a scheme should enter the PPF follow...
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