The levy scaling factor (LSF) has been reduced to 0.48 The scheme based levy remains at 0.000021 x unstressed liabilities The risk based levy cap has been reduced to 0.5% (0.005000) x unstressed liabilities
The Pension Protection Fund (PPF) has today published its Strategic Plan 2022 – 2025, setting out its vision for the next three years, and building on the strong foundations already established.
The following rules and guidance set out how we calculated the levy for the 2018/19 levy year. These were published following a consultation. The following rules and guidance�provide a detailed explanation of how we calculate the levy. The appendices and guidance documents include steps that schemes can take to ensure they receive credit for positive actions, such as certifying contingent assets or deficit reduction contributions.
Invoices for this levy year will be issued in autumn 2021. Find out more information about our insolvency risk partner D&B, and how you can shape our levy rules here.
The Modern Slavery Act came into effect in March 2015. As one way of tackling the problem of modern slavery, the act requires that all commercial organisations, with a turnover of more than 36 million, provide an annual slavery and human trafficking statement. Modern Slavery Statement 2022 Our statement, as required by law, sets out the steps we're taking to make sure that this doesn't happen.
In this blog, Amina Mimi, our Sustainability Analyst, shares how our sustainability strategy supports the ambitions of seven of the UN's Sustainable Development Goals.
In this blog, our Chief Customer Officer, Sara Protheroe, shares her thoughts on how thinking differently about the scheme onboarding process could make this a possibility.
The Pension Protection Fund has today published its full response to its latest section 143 (s143) valuation assumptions consultation, which outlined proposals to allow marginally overfunded smaller schemes to use a bespoke discount rate for certain valuations during the assessment period.
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