PPF levy thresholds set to rise
UK - Funding thresholds for calculating the pension protection levy are set for dramatic rises after the publication of the Pension Protection Fund's (PPF) final version of the 2008-09 Determination.
The limits at which pension funds pay the reduced levy rate will rise from 104% to 120% and the threshold for no levy payments will rise to 140% from 125%. However, the levy cap will be reduced 25 basis...
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