PPF levy decision delay sparks hope of charge reduction or abolition

Industry argues ‘multi-billion’ surplus means levy is no longer needed

Jonathan Stapleton
clock • 5 min read
PPF chair Kate Jones, LCP partner Steve Webb and the PLSA’s Zoe Alexander
Image:

PPF chair Kate Jones, LCP partner Steve Webb and the PLSA’s Zoe Alexander

The Pension Protection Fund (PPF) is delaying a decision on the size of the levy on sponsoring employers for 2025/26 – raising hopes in the industry the charge will be reduced or abolished altogether.

In September, the PPF proposed a £100m levy for 2025/26 – which equalled the lowest levy ever. In the weeks afterwards, a wide range of industry bodies, including the Society of Pension Professiona...

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