PPF longer-term risk proposals will hit well-funded schemes hardest

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PENSION PROTECTION FUND proposals to include longer-term risk in its levy calculations will lead to relatively well-funded schemes with strong sponsors paying more, Watson Wyatt says.

The consultant said schemes whose assets exceed 110pc of their PPF-protected liabilities and whose sponsors have credit ratings between "Baa" and "Aa" would see the biggest increases in their levy ...

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