Examples of Section 179 Valuation in a sentence
Prior to the 2010/11 Levy Year it was the case that, depending on the source of the Section 179 Valuation data and the version of the guidance under which the valuation was prepared, external liabilities (S179InputExLiab) were either included in the total liabilities (S179InputTL) or deducted from the assets (S179InputAss).
Where the date of relevant accounts is not provided, it will be assumed to be equal to the effective date of the Section 179 Valuation.
Schemes that have protected liabilities of £1.5 billion or more at their most recent Section 179 Valuation must carry out a Bespoke Stress Calculation as, for these schemes, it forms part of the Scheme Return which must (as a statutory requirement) be completed.
For schemes that have protected liabilities below £1.5 billion at their most recent Section 179 Valuation, the Scheme Return can be submitted without the Bespoke Stress Calculation.
The comparatively short period between the Section 179 Valuation effective date and the Output Date should mean that any inaccuracies arising from this are small.
A statement as to whether the form of liability cap which the Certifier is certifying includes a limitation based on a percentage funding level on the Section 179 Valuation basis and, if so, the percentage level of that limitation.
Schemes that have protected liabilities of £1.5 billion or more at their most recent Section 179 Valuation will not be able to submit their statutory Scheme Return without completing the Bespoke Stress Calculation.
A statement as to the form of liability cap which applies, including (if relevant) the percentage funding level on the Section 179 Valuation basis which is guaranteed and/or the fixed sterling amount.
Moving assets and the liabilities forward (or backwards) from the date of the Section 179 Valuation to the Output Date: • The assets (excluding any value attributed to an ABC Arrangement) are assumed to achieve returns in line with certain smoothed indices, allowance being made for how much of the Scheme’s assets are invested in equities, bonds etc.
The Object of Agreement has to meet the contractual specifica- tions.