Cymraeg

Valuation Guidance

This page explains who should be using the attached guidance, how to use it and what it is for. Actuaries who would like to learn more about preparing s143 valuations may like to attend one of our forthcoming seminars.

What is the guidance for?

For undertaking valuations to determine the level of scheme underfunding in accordance with section 179 of the Act. The valuation results will be used to set and calculate the risk based pension protection levy.
For undertaking valuations to determine the level of scheme funding in accordance with section 143 of the Act. The purpose of the valuation is to determine whether the Board of the Pension Protection Fund should assume responsibility for a scheme.

S179 valuations

Guidance for undertaking the valuation in accordance with Section 179 of the Pensions Act 2004 (version G4, April 2007)

Guidance on assumptions to use when undertaking a valuation in accordance with Section 179 of the Pensions Act 2004 (version A4, March 2008)

S143 valuations

Guidance for undertaking the valuation in accordance with Section 143 of the Pensions Act 2004

Guidance on assumptions to use when undertaking a valuation in accordance with Section 143 of the Pensions Act 2004 (version B3, March 2008)

Certificate for the Purposes of section 143 of the Pensions Act 2004 (as set out in our guidance, for inclusion in the s143 valuation report)

Data and Liability Information spreadsheet (Section 143 valuations) (please provide an electronic Excel version of the completed data and liability spreadsheet when submitting s143 valuations)

Data and Liability Information spreadsheet (Section 143 valuations) EXAMPLE

You can also view guidance that was valid for previous periods

New Q&As on section 179 valuations are available under the FAQs section of our website.

For further information please contact the Stakeholder Support Team on 0845 600 2541 or information@ppf.gsi.gov.uk.