PPF reduces levy estimate to £45m as government considers legislative change

The government said it is considering giving the PPF flexibility to reduce its levy

Holly Roach
clock • 6 min read
PPF reduces levy estimate to £45m as government considers legislative change

The Pension Protection Fund (PPF) has confirmed it has reduced its levy estimate by more than half for 2025/26 to £45m, as the government today (30 January) confirmed it is considering proposals to allow the lifeboat fund to reduce its levy.

The government said relaxing restrictions could help support defined benefit (DB) schemes and sponsoring employers to "drive economic growth". The lifeboat fund consulted last year on maintainin...

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