PPF to cut levy to £200m and consults on simpler rules

Levy cut comes as lifeboat funds redefines funding objective as ‘maintaining resilience’

Jonathan Stapleton
clock • 3 min read
Morley: "We can now start to actively take steps to bring down the levy without risking current and future members’ benefits"
Image:

Morley: "We can now start to actively take steps to bring down the levy without risking current and future members’ benefits"

The Pension Protection Fund (PPF) has published the outcome of its long-term funding strategy – announcing it expects to cut its levy by nearly 50% to £200m next year.

The lifeboat fund's long-term funding review, the outcome of which was published today (29 September), showed the scheme's financial position had "significantly strengthened" in recent years - driv...

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 Regulation

PLSA publishes growth asset recommendations in report

PLSA publishes growth asset recommendations in report

Industry body provides recommendations for pension funds and government

Jasmine Urquhart
clock 12 August 2024 • 2 min read
IGG shares views on Mansion House reforms

IGG shares views on Mansion House reforms

Investment incentives with a risk guarantee should be considered for DB schemes, IGG says

Jasmine Urquhart
clock 14 September 2023 • 4 min read
Expect the general code in next few weeks, DWP says

Expect the general code in next few weeks, DWP says

Also says it is ‘unlikely’ steps to mandate for professional trustees will be taken

Holly Roach
clock 14 September 2023 • 2 min read
Trustpilot