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

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 Defined Benefit

PIC completed £6.8bn of new business premiums in 2025

PIC completed £6.8bn of new business premiums in 2025

Specialist DB insurer says it has a ‘very strong’ pipeline of new business for 2026

Martin Richmond
clock 18 March 2026 • 2 min read
Evolving PRT market presents opportunities for smaller schemes

Evolving PRT market presents opportunities for smaller schemes

Hymans Robertson says smaller schemes must ‘carefully’ consider their broking approach

Martin Richmond
clock 17 March 2026 • 2 min read
Partner Insight: Creating value - defined benefit pension scheme strategy in M&A Transactions

Partner Insight: Creating value - defined benefit pension scheme strategy in M&A Transactions

Matthew Richardson, Partner and Alice Wilmot, Associate Partner at Aon
clock 13 March 2026 • 3 min read
Trustpilot