UK- The Pension Protection Fund is considering raising its levy during periods of economic stability to offset lower payments during a recession, its new chief executive says.
He said the idea was currently being discussed within the body.
In order to be implemented, it would have to be both formally considered and approved by the full board, the PPF confirmed.
Rubenstein said that the PPF is also considering being "more counter-cyclical." If this occurs, the levy on DB schemes could be raised by more than the rate of inflation in future years, he said.
Prior to joining the PPF, Rubenstein was a managing director at Lehman Brothers and responsible for establishing their Pensions Advisory Group.
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