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.
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.
Similar to an insurance premium, the amount of levy each scheme pays is primarily based on the risk of its sponsoring employer becoming insolvent. A small portion of the levy we collect is based on the size of the scheme.
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