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

Middle East conflict driving 'volatility' in pension transfer values

Middle East conflict driving 'volatility' in pension transfer values

XPS index shows transfer values decreased slightly during March to £142,000

Jasmine Urquhart
clock 15 April 2026 • 1 min read
Aggregate DB surplus falls to £263.8bn in March

Aggregate DB surplus falls to £263.8bn in March

Global market volatility leads to fall in both DB assets and liabilities

Jonathan Stapleton
clock 14 April 2026 • 3 min read
Tackling longevity risk a priority as schemes focus on run-on

Tackling longevity risk a priority as schemes focus on run-on

Aon says it expects longevity market activity to rise due to attractive pricing and solutions

Holly Roach
clock 13 April 2026 • 2 min read
Trustpilot