SPP urges PPF to reduce levy to zero 'immediately'

Organisation said PPF £100m levy could be ‘more usefully employed elsewhere’

Holly Roach
clock • 2 min read
SPP urges PPF to reduce levy to zero 'immediately'

The Society of Pension Professionals (SPP) has warned the Pension Protection Fund’s (PPF) £100m levy does not need to be maintained and could be “more usefully employed elsewhere”.

This comes after the lifeboat fund launched a consultation in September after proposing a £100m levy estimate for 2025/26 – which equalled the lowest levy ever. In the SPP's response to the PPF'...

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

L&G targets 10% job cuts to tackle 'complex' structure

L&G targets 10% job cuts to tackle 'complex' structure

Firm says job cuts represent 'the next stage' of its transformation

Cristian Angeloni
clock 23 September 2026 • 1 min read
Most SMEs feel unequipped to support employees' retirement outcomes

Most SMEs feel unequipped to support employees' retirement outcomes

But half of SMEs see outcomes as an employer’s responsibility

Alex Levy
clock 23 September 2026 • 1 min read
News Digest: Budget pensions tax relief changes; Capita reports CSPS new claim uptick

News Digest: Budget pensions tax relief changes; Capita reports CSPS new claim uptick

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

Professional Pensions
clock 23 September 2026 • 1 min read
Trustpilot