Pensions UK calls for PPF administration levy reform

Trade body said DWP move to charge DB schemes in form of levy without prior warning ‘raises concerns’

Holly Roach
clock • 1 min read
Pensions UK director of policy and advocacy Zoe Alexander
Image:

Pensions UK director of policy and advocacy Zoe Alexander

Pensions UK – the trade body formerly known as the Pensions and Lifetime Savings Association – has called for reform of the Pension Protection Fund (PPF) administration levy.

The call comes as the organisation said the Department for Work and Pensions' decision to charge defined benefit (DB) schemes without prior warning, in the form of the PPF admin levy, "raises proce...

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

Tender Watch: Nest appoints timberland fund manager

Tender Watch: Nest appoints timberland fund manager

Pension fund appoints BTG Pactual TIG for £550m mandate to manage timberland

Professional Pensions
clock 04 August 2025 • 1 min read
FTSE 350 firms face 'financial risk' from early DB surplus access

FTSE 350 firms face 'financial risk' from early DB surplus access

Barnett Waddingham says firms will miss out on additional value if they access surpluses too soon

Holly Roach
clock 18 July 2025 • 2 min read
Professional Pensions' DB Funding Index

Professional Pensions' DB Funding Index

How the funding of defined benefit pension schemes is changing

Jonathan Stapleton
clock 10 July 2025 • 1 min read
Trustpilot