PPF consults on levy rule for schemes with no substantive sponsor

Stephanie Baxter
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PPF consults on levy rule for schemes with no substantive sponsor

The Pension Protection Fund (PPF) is proposing a new levy rule for schemes that cease to have a substantive sponsor following a restructuring in order to protect other levy payers.

In a consultation document published yesterday the lifeboat fund said it remains concerned that levy payers would be directly exposed to the risk of failure of such a scheme's investment strategy. It...

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