On 20 September 2018 we published a consultation and draft levy rules for 2019/20. The consultation closed at 5pm on Thursday 25 October 2018.

The consultation document, which you can download below, includes confirmation of our Board’s levy estimate for 2019/20 of £500 million – down from £550 million in 2018/19.

It also includes:

  • Our proposed methodology for levying commercial consolidators
  • A reminder to schemes with certain types of contingent assets to re-execute and certify their agreements on the new standard forms which were published in January 2018. If schemes do not do this they will not receive a levy credit for their asset
  • Minor adjustments to some of the third triennium changes (for example – DRCs and Block Transfers) and maintenance of unchanged levy parameters (for example for – Asset Stresses, Levy Rates & the Risk-based Levy Cap)
  • Exploring how we can better support schemes to plan levy payments.

Consultation document

2019/20 consultation document

Draft levy rules and guidance

Determination for Consultation

ABC Appendix
Contingent Asset Appendix
Commercial Consolidation Appendix
DRC Appendix
Insolvency Risk Appendix
Investment Risk Appendix
MFR Conversion Appendix
SWOSS Appendix
Transfers Appendix
Transformation Appendix

Guidance on ABCs
Guidance on Block Transfers
General Guidance on Contingent Assets
General Guidance on A Contingent Assets
General Guidance on B Contingent Assets
General Guidance on C Contingent Assets
Guidance on DRC
Guidance on Insolvency Risk
Guidance on Investment Risk (Bespoke Stress Calculation)
Guidance on Mortgage Exclusion

S&P Global Market Intelligence Credit Model Financial Institutions White Paper