Technical Notes

  • December 2007

    PPF Levy 2008-09

    The method and factors used for the calculation of the PPF levies for 2008-09 are changing from those used for the 2007-08 levies. This Technical Note details the changes and highlights the actions companies and trustees can take to minimise the amount of their levies.

  • December 2007

    Commutation Factors

    Following recent guidance from the Actuarial Profession, Scheme Actuaries are encouraging trustees to review the factors used to convert annual pension benefits to a cash lump sum upon reaching retirement. This Technical Note provides background information on the application of commutation factors and considers some of the issues relevant in any review of these factors.