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Pension Protection Fund announces the appointment of David Sproul to its Board

The Pension Protection Fund (PPF) is pleased to announce the appointment of David Sproul to its Board, with effect from 1 December 2025.

PPF consults on 2026/27 PPF levy

The Pension Protection Fund (PPF) has today announced that it will not charge a conventional PPF levy this year (2025/26). The move will benefit c.5,000 defined benefit (DB) schemes in the UK, saving them and their sponsoring employers collectively £45m.

We're not charging a PPF levy for 2025/26

We're not charging a PPF levy for 2025/26, marking a significant milestone in our journey to financial self-sufficiency. 

2025/26 PPF levy invoicing on hold

We’re informing our levy payers that we’re putting the 2025/26 PPF levy invoicing on hold and expect to provide a further update this Autumn.

PPF welcomes government signal on levy changes

The Pension Protection Fund (PPF) has today welcomed the announcement by the Department for Work and Pensions (DWP) that the government will consider giving the PPF more flexibility to reduce its levy, thus supporting DB schemes and their sponsoring employers to drive growth.  

PPF Board look to January for levy decision

Following positive engagement with stakeholders as part of their consultation on the 2025/26 levy rules the PPF will conclude its decision making in January.

2024/25 levy year

Invoices for this levy year will be issued in autumn 2024.

2026/27 levy year

We’re not charging a conventional PPF levy for this year. Find out more about our evolving policy here.  

2025/26 levy year

We’re not charging a conventional PPF levy for this year. Find out more about our evolving policy here.  

How we set the levy rules

The framework for the levy rules is set out in legislation (Pensions Act 2004). We review and consult on how we apply these rules each year.