PPF proposes levy for commercial consolidators; slashes general levy estimate by £50m
The Pension Protection Fund (PPF) is consulting on proposals to charge a "risk reflective" levy for commercial defined benefit (DB) consolidation vehicles.
The PPF's 2019/20 levy consultation document, published today (20 September), stated that, while it is clear that consolidation may bring real benefits, a consolidation vehicle may pose different risks...
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