PPF plans 10% levy cut; two-thirds of schemes could see reduction

James Phillips
The lifeboat fund said improvements in its funding level meant the levy could fall

The lifeboat fund said improvements in its funding level meant the levy could fall

The Pension Protection Fund (PPF) will seek to collect £550m in levies from the industry in the 2018/19 tax year, it has announced, down more than 10% from 2017/18.

The lifeboat fund said its strong funding position meant it could reduce the levy scaling factor (LSF) to 0.48, despite a backdrop of low interest rates and the potential impact of Brexit. It added...

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