PPF legislative framework 'not fit for purpose', ACA says

ACA supports PPF proposals to charge minimum levy in the short term

Jasmine Urquhart
clock • 4 min read
ACA has supported the PPF's proposals for simplifcation and reducing the levy in the short term
Image:

ACA has supported the PPF's proposals for simplifcation and reducing the levy in the short term

The current legislative framework on the levy rules for the Pension Protection Fund (PPF) is “not fit for purpose”, the Association of Consulting Actuaries (ACA) has said.

Responding to the lifeboat fund's consultation on the 2024/25 levy rules, the ACA said it supported proposals to halve the current levy charged to defined benefit (DB) sponsors to £100m "provided t...

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

Jasmine Urquhart
Author spotlight

Jasmine Urquhart

Senior Correspondent at Professional Pensions

More on Defined Benefit

Mixed industry views on DB run-on, SPP finds

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
clock 23 October 2024 • 1 min read
Tender Watch: Wiltshire Pension Fund appoints Redington

Tender Watch: Wiltshire Pension Fund appoints Redington

Redington appointed strategic investment adviser to £3.5bn Wiltshire LPGS fund

Professional Pensions
clock 11 October 2024 • 1 min read
One third of DB schemes report rise in running costs

One third of DB schemes report rise in running costs

TPT research finds on average DB scheme running costs rose by 37% in the last year

Martin Richmond
clock 24 September 2024 • 2 min read
Trustpilot