PPF levy still forced on bought out schemes which pose no threat

Jenna Towler
clock

Schemes that have bought out member benefits to Pension Protection Fund levels are still being forced to pay the lifeboat's levy despite posing it no threat, a lawyer says.

Eversheds senior associate Claire Carroll told PP several of her bought out clients still have to pay the risk-based levy because waiver regulations are being interpreted too strictly. The law f...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Market volatility still main barrier to endgame

Market volatility still main barrier to endgame

Standard Life finds half of DB trustees also think funding code and trapped surplus are barriers

Jasmine Urquhart
clock 17 December 2024 • 1 min read
£240m Calor Group plan appoints GSAM as fiduciary manager

£240m Calor Group plan appoints GSAM as fiduciary manager

GSAM replaces Cardano as trend for schemes to review existing arrangements continues

Jonathan Stapleton
clock 17 December 2024 • 2 min read
Partner Insight: Investing in your risk settlement investment advice

Partner Insight: Investing in your risk settlement investment advice

Hatty Goodwin, Associate Partner, Aon
clock 16 December 2024 • 4 min read
Trustpilot