PPF to cut levy to £200m and consults on simpler rules

Levy cut comes as lifeboat funds redefines funding objective as ‘maintaining resilience’

Jonathan Stapleton
clock • 3 min read
Morley: "We can now start to actively take steps to bring down the levy without risking current and future members’ benefits"
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Morley: "We can now start to actively take steps to bring down the levy without risking current and future members’ benefits"

The Pension Protection Fund (PPF) has published the outcome of its long-term funding strategy – announcing it expects to cut its levy by nearly 50% to £200m next year.

The lifeboat fund's long-term funding review, the outcome of which was published today (29 September), showed the scheme's financial position had "significantly strengthened" in recent years - driv...

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