Home / Insight / ASHE Update: Time to re-classify and re-calculate PPOs

ASHE Update: Time to re-classify and re-calculate PPOs

09/11/2022

The Office for National Statistics has now published the latest figures from the Annual Survey of Hours and Earnings (ASHE), which includes the revised figures for 2021 and the provisional figures for 2022. The key index for those administering Periodical Payment Orders (PPOs) is ASHE 6115, which is an index based on an amalgamation of care earnings data from two Standard Occupational Classifications (SOC). The weighting of the data within the new ASHE 6115 differs to the previous basis for calculation, requiring a need for re-classification of the base PPO annual sum in addition to the recalculation of the sum due this year. This note addresses the changes, the implications, and the actions to be taken.

Ken Young
Author

Ken Young
Partner
Head of Complex and CAT PI

LinkedIn Icon Contact

Related Insights

The Keoghs PPO Calculator is now available

ASHE Update: Expected increases appear

Stay informed with Keoghs

Sign-up

Our Expertise

Vr

Claims Technology Solutions

Disrupting claims management with innovation & technology

 

The service you deliver is integral to the success of your business. With the right technology, we can help you to heighten your customer experience, improve underwriting performance, and streamline processes.