# The Pension Protection Fund (Pension Compensation Sharing and Attachment on Divorce etc) Regulations 2011, Regulation 4: Valuation of relevant compensation for the purposes of an application for financial relief or financial provision


(1) Where the Board is notified that—
(a) an application for financial relief or financial provision under any of the provisions specified in section 118(1)(a) of the Act has been made or is in contemplation; or
(b) a qualifying agreement containing provision corresponding to provision which may be made by an order under section 8 (orders for financial provision) of the Family Law (Scotland) Act 1985 is to be made or is in contemplation,
the value of the PPF compensation or relevant compensation to which the member is entitled or will become entitled must be calculated and verified for the purposes of section 118(1)(b) of the Act, or of regulation 3(2), in accordance with paragraphs (2) and (3).
(2) The value of the PPF compensation or relevant compensation is the cash equivalent of the amount that would be required to make provision for the member's entitlement to PPF compensation or relevant compensation under the pension compensation provisions.
(3) The cash equivalent of the PPF compensation or relevant compensation must be calculated and verified—
(a) in accordance with actuarial assumptions approved by the Board; and
(b) on the assumption that the date on which the valuation is carried out is the date that the Board received the request for the valuation.

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Source: https://www.legislation.gov.uk/uksi/2011/731/regulation/4 (the official version)
Page: https://openlegislation.uk/pension-protection-fund-pension-compensation-sharing-and-attachment-on-divorce-etc-regulations-2011/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.