PPF toughens risk-based levy funding requirements

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Schemes must now be 140pc funded to avoid paying the Pension Protection Fund risk-based levy, a new policy paper has confirmed.

The Pension Protection Levy Policy 2008-2009 to 2010-2011 said raising the cut-off point from 125pc to 140pc would ensure “schemes pay a levy which more accurately reflects the long-term risk the...

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