Trustees must act to avoid adding millions to PPF levy

clock

Trustees risk seeing their Pension Protection Fund levy rise by "millions" if they do not focus on the type of guarantee given by scheme sponsors, Mercer warns.

The consultant said that, under guidance issued by the lifeboat fund in December 2011 and clarified last month (PP Online, 23 February ), trustees using ‘Type A' guarantees must confirm the value o...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

DB scheme funding further improves in September, Broadstone finds

DB scheme funding further improves in September, Broadstone finds

Consultancy says DB funding levels have seen steady ‘positive progression’

Martin Richmond
clock 06 October 2025 • 1 min read
Avon Pension Fund confirms LPPI as new pooling partner

Avon Pension Fund confirms LPPI as new pooling partner

Scheme shift follows KPMG supported review of options

Jonathan Stapleton
clock 29 September 2025 • 2 min read
£6.1bn Devon Pension Fund to join LPPI pool

£6.1bn Devon Pension Fund to join LPPI pool

Move follows reform process which will see eight LGPS pools consolidate to six

Jonathan Stapleton
clock 24 September 2025 • 2 min read
Trustpilot