PPF levy decision delay sparks hope of charge reduction or abolition

Industry argues ‘multi-billion’ surplus means levy is no longer needed

Jonathan Stapleton
clock • 5 min read
PPF chair Kate Jones, LCP partner Steve Webb and the PLSA’s Zoe Alexander
Image:

PPF chair Kate Jones, LCP partner Steve Webb and the PLSA’s Zoe Alexander

The Pension Protection Fund (PPF) is delaying a decision on the size of the levy on sponsoring employers for 2025/26 – raising hopes in the industry the charge will be reduced or abolished altogether.

In September, the PPF proposed a £100m levy for 2025/26 – which equalled the lowest levy ever. In the weeks afterwards, a wide range of industry bodies, including the Society of Pension Professiona...

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

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

What will the 2025 LGPS valuations have in store?

What will the 2025 LGPS valuations have in store?

Rob Bilton says the 2025 valuations will not just be about numbers

Rob Bilton
clock 12 June 2025 • 4 min read
Partner Insight: Endgame strategies for DB schemes

Partner Insight: Endgame strategies for DB schemes

Aon
clock 11 June 2025 • 1 min read
Average time to buyout falls to record low in May, Barnett Waddingham finds

Average time to buyout falls to record low in May, Barnett Waddingham finds

DB End Gauge Index reveals average time to buyout for FTSE 350 schemes fell to 3.6 years last month

Martin Richmond
clock 10 June 2025 • 1 min read
Trustpilot