The PPF has announced changes to the assumptions it uses for section 179 and section 143 valuations.


The changes take effect from 1 December 2016.

According to the PPF, the most significant changes are:

  • the use of separate discount rates for pensioners and non-pensioners post-retirement;
  • the use of yield indices that have durations that better match average liability durations, including the introduction of a new index-linked gilt yield; and
  • updated mortality assumptions.

Key contacts

Rachel Rawnsley

Rachel Rawnsley

Partner, Head of Pensions
United Kingdom

View profile
Jade Murray

Jade Murray

Partner, Pensions
United Kingdom

View profile
Catherine McAllister

Catherine McAllister

Partner, Pensions
United Kingdom

View profile
Rachel Uttley

Rachel Uttley

Partner, Pensions
United Kingdom

View profile