PPF sets levy estimate at £635m for next year

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The Pension Protection Fund (PPF) has set its levy estimate for 2015/16 at £635m, 10% lower than this year's total, and said there could be further reductions to come.

The lifeboat fund said the reduced levy reflected the falling risk it faced and was the same as it would have collected had it stuck with its Dun & Bradstreet model. Under the model being develo...

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