Worthington overpays £130k PPF levy into Jerome Group scheme

clock

The Worthington Group has overpaid £130,000 into the Jerome Group Pension Fund because its Pension Protection Fund levy decreased, its triennial review shows.

The overpayment by the Worthington Group - parent company of the Jerome Group - was a result of a reduction in its PPF risk-based levy. It said the overpayment will now be refunded to the compan...

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

Partner Insight Video: Endgame strategies for defined benefit pension schemes

Partner Insight Video: Endgame strategies for defined benefit pension schemes

Matthew Arends, partner and head of retirement policy at Aon
clock 27 February 2025 • 1 min read
Readiness for buy-in or buyout continues to be key obstacle for endgame

Readiness for buy-in or buyout continues to be key obstacle for endgame

Readiness for buy-in or buyout continues to be key obstacle for endgame

Martin Richmond
clock 27 February 2025 • 2 min read
BAA Pension Scheme posts funding improvement after discount rate rise

BAA Pension Scheme posts funding improvement after discount rate rise

Heathrow Airport scheme deficit now stands at £99m, down from £128m at end of 2023

Jonathan Stapleton
clock 26 February 2025 • 1 min read
Trustpilot