UK - Pension funds will have to pay £575m to the Pension Protection Fund (PPF) next year, significantly more than the £300m figure touted earlier by government.
The announcement was made today after the PPF published its risk-based levy proposals for 2006/07. Lawrence Churchill, chairman of the PPF board, said protecting people against insolvent pension...
To continue reading this article...
Join Professional Pensions
- Unlimited access to real-time news, analysis and opinion from the industry
- Receive our in-depth monthly magazine in either print or digital format
- Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
- Receive important and breaking news stories selected by the Editors in our daily newsletter
- Hear from industry experts and other forward-thinking leaders
- Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date