UK - The Pension Protection Fund (PPF) has set its levy estimate for 2007/2008 at £675m - more than double the £324m the fund is expected to collect for 2006/2007.
The PPF has said the increase would help make up for the undercollection this year and reduce the organisation's deficit, which stands at £343m. A spokesman for the PPF said although last year'...
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