PP Show 2011: PPF cuts levy at £550m; Set for three years

Jenna Towler
clock

The Pension Protection Fund has confirmed the levy estimate for 2012/13 will be £550m.

Chief executive Alan Rubenstein told delegates at the PP Show 2011 it was the lowest levy that the PPF has ever set and marks a reduction from £600m in 2011/12 - the second cut in two years. The...

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

New campaign group urges MPs to intervene in fight over pre-1997 indexation rights

New campaign group urges MPs to intervene in fight over pre-1997 indexation rights

Pressure group lobbying MPs and ministers to state its case for investigation into issue

Professional Pensions
clock 27 December 2024 • 1 min read
Partner Insight: UK risk settlement market – A look back over 2024

Partner Insight: UK risk settlement market – A look back over 2024

Martin Bird, Senior Partner & Head of Risk Settlement, Aon
clock 23 December 2024 • 4 min read
Is consolidation enhancing or eroding service provision to DB schemes?

Is consolidation enhancing or eroding service provision to DB schemes?

Assessing the benefits and shortcomings of industry consolidation

Donny Hay
clock 19 December 2024 • 4 min read
Trustpilot