We received 13 responses to our consultation. They were generally positive, so we’ve decided to proceed with the majority of our proposed set of assumptions, with an amendment to the mortality assumptions for s143 valuations.
The levy scaling factor (LSF) has been reduced to 0.48 The scheme based levy remains at 0.000021 x unstressed liabilities The risk based levy cap has been reduced to 0.5% (0.005000) x unstressed liabilities
Deficit reduction contributions are payments to the scheme that are additional to the regular ongoing funding contributions.� These payments may reduce your scheme-based levy, providing you have certified them correctly. Learn how to certify deficit reductions
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