PPF levy 'difficult to justify', PLSA says as it calls for cut

PLSA has called on the PPF to cut its £100m levy to zero to reflect DB sector health

Holly Roach
clock • 2 min read
PPF levy 'difficult to justify', PLSA says as it calls for cut

The Pensions and Lifetime Savings Association (PLSA) has called for the Pension Protection Fund (PPF) to cut its levy to zero, amid the strong funding levels seen in the defined benefit (DB) sector.

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 PLSA'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

Buzz: Are you expecting any changes to pensions tax in the Autumn Budget?

Buzz: Are you expecting any changes to pensions tax in the Autumn Budget?

Autumn Budget, pensions tax changes and Pension Schemes Bill

Professional Pensions
clock 26 August 2025 • 1 min read
People's Pension hands back £100m to members since 2020

People's Pension hands back £100m to members since 2020

Master trust says level of returns to members shows its ‘purpose-driven’ approach in action

Martin Richmond
clock 26 August 2025 • 1 min read
News Digest: M&G, Schroders and Hargreaves Lansdown explore 'master trust' pension market

News Digest: M&G, Schroders and Hargreaves Lansdown explore 'master trust' pension market

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

Professional Pensions
clock 26 August 2025 • 1 min read
Trustpilot