PPF confirms significant reduction in levy

Lifeboat fund says almost all schemes are expected to pay less levy next year

Martin Richmond
clock • 2 min read
Morley: "We are grateful for the feedback on our proposals for next year’s levy rules"
Image:

Morley: "We are grateful for the feedback on our proposals for next year’s levy rules"

The Pension Protection Fund (PPF) has announced the final levy rules for 2023/24 and confirmed that the overwhelming majority of schemes can expect to see a substantial reduction in the levy they pay.

In its policy statement, published today (13 December), the lifeboat fund said its levy estimate for 2023/24 will be £200m, a reduction of almost half in the levy schemes can expect to pay in the c...

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

Martin Richmond
Author spotlight

Martin Richmond

Reporter at Professional Pensions

More on Regulation

IGG shares views on Mansion House reforms

IGG shares views on Mansion House reforms

Investment incentives with a risk guarantee should be considered for DB schemes, IGG says

Jasmine Urquhart
clock 14 September 2023 • 4 min read
Expect the general code in next few weeks, DWP says

Expect the general code in next few weeks, DWP says

Also says it is ‘unlikely’ steps to mandate for professional trustees will be taken

Holly Roach
clock 14 September 2023 • 2 min read
Pensions Aspects Live: General code will boost member outcomes

Pensions Aspects Live: General code will boost member outcomes

Schemes should remember that much of the code will be ‘supplementary’ to what they have

Jasmine Urquhart
clock 22 June 2023 • 3 min read
Trustpilot