09 August 2007
The Pension Protection Fund (PPF), the safety net for defined
benefit occupational pension schemes, is proposing to hold steady
the annual levy it charges to schemes for the next three years. The
PPF are also reviewing its method for judging the credit risk of
individual employers.
The PPF have proposed to set the levy for the 2008/09 financial
year and keep it at that level through 2011, rising only in line
with national average earnings.
Last year, the PPF levied £675m from 7,800 companies.
