08 September 2008
The Pension Protection Fund (PPF) has announced that it has
begun the process of developing a new formula for the calculation
of its pension scheme levy with the appointment of consultancy firm
Oliver Wyman.
Oliver Wyman's appointment comes after last year's consultation
that proposed a range of changes including setting a stable levy
for three years and moving the date for risk measurement and the
submission of data to 31 March each year.
A PPF spokesman said: "We have been consulting on the future of
the levy for over a year now. Oliver Wyman was appointed earlier
this year to help us inform our thinking on the future development
of the levy."
