PPF consults on the future of the pension protection levy

Resource type: Legal update: archive

Status: Published on 09-Aug-2007

Jurisdictions: England, Scotland, Wales

The Pension Protection Fund (PPF) has issued a consultation paper about its proposals for the future development of the pension protection levy. The PPF plans to set the levy for a three-year period between 2008 and 2011, increasing each year only by the rate of inflation. The deadline for schemes to submit data for use in calculating underfunding and insolvency risk for the 2009/10 levy will be brought forward to 31 March 2008, and schemes will receive longer notice of the amount of their levy bills. Additionally, the PPF will investigate assessing insolvency risk on a longer-term basis.

The consultation period runs until 3 October 2007.
PLC Pensions

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  • Resource ID: 9-375-8207
  • Published: 09-Aug-2007
  • Products:  PLC Law Department Email, PLC UK Pensions, PLC UK Public Sector
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Legal update: archive
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