Trustees must act to avoid adding millions to PPF levy

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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...

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