Industry rejects returning PPF surplus funds to levy payers
Any surplus funds the Pension Protection Fund (PPF) accumulates should not be returned to the levy payers who provided them, according to almost 60% of respondents.
It comes after lifeboat fund's annual funding report for defined benefit (DB) scheme members' benefits showed a £4.1bn surplus up from £3.6bn the year before. This raised the question of whether any PPF...
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