The ACT appreciates the need for the PPF to ensure scheme valuations are undertaken with appropriate parameters. On that basis we have no comment to make on the specific proposals in this paper.
Our concern however is with the timescale for this consultation given the Board’s intention to introduce its suggested changes a little over 2 weeks after the consultation ends. We are disappointed that this time constraint has been imposed on a topic where there may be strongly held views on the underlying logic of the choice of assumptions.
We would like to express our hope that, in future, the timescales both for consultation and then subsequently for implementation of proposals will allow for informed discussion and submission.