PPF confirms 2024/25 levy halved to £100m

Lifeboat fund said 99% of DB schemes are expected to pay less levy as a result

Holly Roach
clock • 1 min read
PPF's 2024/25 levy has been halved to £100m
Image:

PPF's 2024/25 levy has been halved to £100m

The Pension Protection Fund (PPF) has confirmed its 2024/25 levy will be halved to £100m, down from £200m in 2023/24.

The lifeboat fund said the change means 99% of defined benefit schemes are expected to pay less as a result. It also noted the levy methodology remains broadly unchanged. The reduction will mean...

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: £ Billion+ transactions - driving innovation across the risk settlement market

Partner Insight: £ Billion+ transactions - driving innovation across the risk settlement market

Mike Edwards, Partner, Aon
clock 06 November 2024 • 5 min read
Tender Watch: Cadent Gas Pension Trustee selects Northern Trust as custodian

Tender Watch: Cadent Gas Pension Trustee selects Northern Trust as custodian

Appointment follows detailed due diligence exercise that was managed independently

Professional Pensions
clock 30 October 2024 • 1 min read
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
Trustpilot