The PPF has issued a consultation paper setting out its proposals to change the required assumptions for schemes conducting valuations under sections 143 (PPF entry) and 179 (levy calculation) of the Pensions Act 2004 in the light of the growth in the buyout market, the main changes being to yields and mortality assumptions. The changes are expected to decrease liabilities under these valuations. In consequence, fewer schemes are likely to qualify for PPF entry.

The consultation period runs until 14 March 2008, with the changes being intended to take effect from 31 March 2008.