THE increase in the Pension Protection Fund scaling factor means levies will be more than twice as high in 2008/09 than schemes expected, Watson Wyatt analysis shows.
The consultant’s calculations – which come the week after the PPF set the scaling factor for the risk-based levy at 3.77 – revealed that, for some schemes, the total levy will be eight times as big...
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