UK - Companies that pose a higher risk will pay more for the Pension Protection Fund (PPF) compensation cover and costs will be kept down for good employers with well-funded schemes, the government said today.
Outlining the details of the PPF in the Pensions Bill, the government said that at least 50% of the PPF levy will be risk-based. However, for the first year, scheme factors such as number of member...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
