PPF proposes bespoke s143 valuation assumption for smaller schemes

Lifeboat fund says current assumptions are understating the liabilities of smaller schemes

Jonathan Stapleton
clock • 2 min read
Shalin Bhagwan: We hope these proposed changes will have a positive impact on marginally overfunded smaller schemes that enter our assessment period
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Shalin Bhagwan: We hope these proposed changes will have a positive impact on marginally overfunded smaller schemes that enter our assessment period

The Pension Protection Fund (PPF) has launched a consultation on proposed changes to the assumptions it uses for certain valuations which provide an estimated price for securing PPF benefits with bulk annuity providers in the buyout market.

The lifeboat fund said that, when a scheme's employer becomes insolvent, triggering the entry of an eligible defined benefit (DB) scheme into a PPF assessment period, a section 143 (s143) valuation...

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