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PPF publishes consultation on changes to assumptions for buy out
United Kingdom | Publication | January 2023
On December 9, 2023, the PPF issued a press release announcing its consultation on proposed changes to the assumptions it uses when assessing whether a scheme enters the PPF or has its benefits bought out by an insurer.
The consultation proposals will update valuation assumptions to reflect lower pricing in the bulk annuity market, and updates include adopting a yield curve approach to determining liabilities when assessing schemes for PPF entry. It is proposed that the changes will affect valuations with an effective date on or after April 1, 2023.
Consultation will close on February 20, 2023.
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