PPF urged to 'seriously reconsider' reducing levies below £100m

SPP’s consultation response warned level is ‘reasonable’ for 2024/25 but not in future

Holly Roach
clock • 2 min read
PPF urged to 'seriously reconsider' reducing levies below £100m

The Pension Protection Fund (PPF) should “seriously reconsider” reducing levies below £100m in the next few years, the Society of Pension Professionals (SPP) has urged.

This comes as the PPF launched a consultation on the 2024/25 levy rules featuring proposals to halve the levy from £200m to £100m. The SPP said while the £100m level is "reasonable" for the 2024...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Government confirms amendment to bill mandation clause in 'welcome move'

Government confirms amendment to bill mandation clause in 'welcome move'

Government will not require DC schemes to invest more than 10% of total assets

Holly Roach
clock 10 April 2026 • 3 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

BAE Systems schemes appoint LCP as scheme actuary, PFC research, Hymans urges DB schemes to offer quality member experience

Professional Pensions
clock 10 April 2026 • 1 min read
News Digest: Civil Service Pension Scheme retirement modeller delayed

News Digest: Civil Service Pension Scheme retirement modeller delayed

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 10 April 2026 • 1 min read
Trustpilot