Ombudsman: PPF must reassess £140K 'windfall' levy

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The Pension Protection Fund Ombudsman Tony King has ruled the PPF must reconsider an additional £140,000 levy issued to Ibstock Pension Scheme, after a dispute over erroneous information on a deficit reduction certificate.

In 2011, Ibstock submitted proof of a £54.1m deficit reduction contribution for 2011/2012, but it was rejected by the PPF due to an incorrect s179 valuation date on the deficit reduction certificat...

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