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why is the asset/liability figure based on an MFR valuation?

April 26, 2017ASSET based figure liability mfr valuation

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why is the asset/liability figure based on an MFR valuation?

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The PPF will only calculate a scheme’s 2006/07 levy with reference to its MFR valuation if a Section 179 valuation was not received before 31 March 2006, or where a section 179 certificate did not meet legislative requirements or the Board’s rules.