02 April 2009
Punter Southall believes that the Government should pay half of
the Pension Protection Fund (PPF) levy for this year to help
pension scheme sponsors.
Joanne Livingstone, Punter Southall's Technical Director,
commented: "It would be enormously helpful if the Government
undertook to meet say half of each sponsor's levy. If this was done
for all sponsors then the system could be cheaply administered, it
would provide much needed relief for sponsors who cannot afford the
levies and would allow extra contributions to go directly into the
schemes of those whose sponsors can afford the higher levy."
