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We've published The Purple Book 2025

We’ve published The Purple Book 2025, the most comprehensive data and analysis of the UK defined benefit (DB) pension landscape. This year's Purple Book is our 20th edition.

Lowering our operational emissions through technological change

Sustainability lies at the heart of our decision making and has been a priority throughout our recent digital transformation.

Guaranteed minimum pension (GMP)

Information and guidance on Guaranteed Minimum Pension and equalisation.

Late retirement factors for previous periods

If you need to access late retirement factors that were used in the past, simply follow the links to the appropriate tables, detailed below.

Step down factors for previous periods

If you need to access step down factors that were used in the past, simply follow the links to the appropriate tables, detailed below. Effective dates on or after 1 October 2020 and prior to 1 October 2021 For all determinations in respect of a step down pension with an effective date between 1 October 2020 and 30 September 2021, please use the following:

Commutation factors for previous periods

The circumstances in which commutation is possible are set out in Regulation 19 of the Pension Protection Fund (Compensation) Regulations 2005 and Regulation 21 sets out how this option may be exercised.

Early retirement factors for previous periods

In all cases, the early retirement factor is applied to the compensation before the compensation cap is applied. Simply follow the links to the tables of early retirement factors detailed below:

Help paying your levy

Struggling to pay your levy? Find out if you can pay by instalment or apply for an extension of terms.

Request a levy review

If you think we have made a mistake, your scheme trustees or authorised representatives can raise a review.

Eligibility application form submission

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