THE SCALING factor for the Pension Protection Fund's risk-based levy has been set at more than four times last year's.
The PPF has set the scaling factor at 2.47 – a 400pc increase on its 2005-06 factor of 0.53. It is also a 22.3pc increase from the indicative scaling factor of 2.02 put forward by the organisation in December....
Most people think it is right that savers take responsibility to protect from pension scams.
More than 100,000 savers face being landed with huge tax bills following tiny uplifts to their pension, a Freedom of Information (FOI) reply has revealed.
Alan Pickering says politicians should have the freedom to redefine what is meant by 'absolute'