SPP’s consultation response warned level is ‘reasonable’ for 2024/25 but not in future
Lifeboat fund has launched a consultation on its 2024/25 levy rules
Lifeboat fund says almost all schemes are expected to pay less levy next year
Lifeboat fund reports strong financial position in latest annual report and accounts
The lifeboat fund has also revised its levy estimate down to £390m
Lifeboat fund says 82% of schemes paying its risk-based levy should see a reduction
The Pension Protection Fund (PPF) has confirmed its fraud compensation fund (FCF) needs to raise a levy of 75p per member, and 30p for master trusts in 2021/2022 — the maximum allowed under current regulations.
The Pension Protection Fund (PPF) has an 83% probability of success for its target of being self-sufficient by 2030 as of March this year, a six percentage point drop from 2019.
Around 2,000 small schemes could see their levies cut as the Pension Protection Fund (PPF) consults on introducing a tapered approach to its risk-based levy while temporarily dropping its multi-year approach.
Pension schemes should be unconcerned that Pension Protection Fund (PPF) levy bills will rise drastically this year as a result of the Covid-19 crisis, the lifeboat fund says.