Transfer valuation
Effective date
You should select an effective date for the valuation that is on or after the date (or the last such date) on which the liabilities associated with the transfer passed to the receiving arrangement.
Guidance & assumptions
Please ensure that the guidance and assumptions that you use comply with the correct effective date and signing dates as per the following table.
Changes to these values in Exchange are planned to be implemented in January 2019. If you are using version G8 of the s179 guidance when adding a new s179 valuation prior to January 2019, please select option G7 and email the PPF to let them know that you have used version G8.
Similarly, if you are using version A9 of the s179 assumptions, please select option A8 and email the PPF to let them know that you have used version A9.
a) Effective date on or after 1 November 2018
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 1 November 2018 | G8 | A9 |
b) Effective date between 6 April 2018 and 31 October 2018 (inclusive)
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 6 April 2018 | G8 | A8 |
c) Effective date between 6 April 2017 and 5 April 2018 (inclusive)
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 6 April 2017 | G7 | A8 |
d) Effective date between 1 December 2016 and 5 April 2017 (inclusive)
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 1 December 2016 | G6 | A8 |
e) Effective date between 24 July 2014 and 30 November 2016 (inclusive)
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 24 July 2014 | G6 | A7 |
f) Effective date between 1 May 2014 and 23 July 2014 (inclusive)
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 1 May 2014 | G5 | A7 |
g) Effective date between 1 April 2011 and 30 April 2014 (inclusive)
| Signing date | Version number of the section s179 guidance | Version number of the section s179 assumptions |
|---|---|---|
| On or after 1 April 2011 | G5 | A6 |
h) Effective date between 31 October 2009 and 31 March 2011 (inclusive)
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 31 October 2009 | G5 | A5 |
i) Effective date between 1 April 2009 and 30 October 2009 (inclusive)
| Signing date | Version number of the section 179 guidance | Version number of the section 179assumptions |
|---|---|---|
| On or after 1 April 2009 | G5 | A4 |
j) Effective date between 31 March 2008 and 31 March 2009 (inclusive)
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 1 October 2009 | G5 | A4 |
| Between 1 April 2009 and 30 September 2009 (inclusive) | G4 or G5 | A4 |
| On or before 31 March 2009 | G4 | A4 |
k) Effective date between 6 April 2007 and 30 March 2008 (inclusive)
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 1 October 2009 | G5 | A3 |
| Between 6 April 2007 and 30 September 2009 (inclusive) | G4 or G5 | A3 |
l) Effective date between 11 September 2006 and 5 April 2007 (inclusive)
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 1 October 2007 | G4 | A3 |
| Between 6 April 2007 and 30 September 2007 (inclusive) | G3 or G4 | A3 |
| On or before 5 April 2007 | G3 | A3 |
m) Effective date on or before 10 September 2006
| Signing date | Version number of the section 179 guidance | Version number of the section 179 assumptions |
|---|---|---|
| On or after 1 October 2007 | G4 | A3 |
| Between 6 April 2007 and 30 September 2007 (inclusive) | G3 or G4 | A3 |
| Between 1 November 2006 and 5 April 2007 (inclusive) | G3 | A3 |
| Between 1 November 2005 and 31 October 2006 | V2 | V2 |
Assets
Please enter monetary amounts where required in pounds, not thousands or millions.
Earlier versions of the s179 certificate required you to deduct external liabilities from the value of the assets. However, you should input your data in line with the current form design, which requires you to:
- NOT reduce the assets by the amount of external liabilities, but
- Include the external liabilities in the total protected liabilities figure
Please also include the percentage of assets which relates to contracts of insurance - see SI 2005 / 672 as amended for more information.
Liabilities
Please enter monetary amounts where required in pounds, not thousands or millions. Please do NOT include the expenses within the active, deferred and pensioner components.
Total protected liabilities
This should include the external liabilities, even where the originally submitted data allowed for external liabilities via a deduction from assets.
Proportion of liabilities
Pre 6 April 1997 service
If you do not have these figures available then please leave the figures blank, do not enter 0% unless this is the correct figure (i.e. all liabilities for that category are in respect of post 1997 service).
Post 5 April 1997 service
The proportion of pensioner members' liabilities relating to service after 5 April 2009 should be aggregated with the figure for liabilities relating to service between 6 April 1997 and 5 April 2009.
Average ages
These should be weighted by the s179 liabilities provided on this form. If not available, provide average ages using the method you consider to be most appropriate.