PPF: Growing surplus gives room for levy cuts

clock

The Pension Protection Fund (PPF) says it could reduce the levy it collects from schemes after strong asset performance and low levels of claims saw its surplus increase last year.

The lifeboat fund's annual report and accounts, published last night, revealed its surplus had grown to £2.4bn and its probability of reaching self-sufficiency by 2030 had increased from 87% to 90%...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Will LGPS schemes cut contributions in light of sustained surpluses?

Will LGPS schemes cut contributions in light of sustained surpluses?

PwC asks if public sector schemes will look to use surpluses to meet contribution costs

Jonathan Stapleton
clock 03 May 2024 • 3 min read
PIC completes £1.5bn of new business transactions in Q1

PIC completes £1.5bn of new business transactions in Q1

Specialist DB insurer reports ‘strong’ start to the year with launch of new buyout service

Martin Richmond
clock 03 May 2024 • 1 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 03 May 2024 • 1 min read
Trustpilot