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Removing the compensation cap and paying arrears

In July 2021 the Court of Appeal ruled the PPF compensation cap was unlawful on the grounds of age discrimination. They supported our approach to increasing payments to PPF and FAS members following the 2018 European Court of Justice judgment in the Hampshire case. We’ve been working on how to implement it.

Information on pre-97 indexation

On this page, you'll find information and answers to the most frequently asked questions on pre-97 indexation. 

What is the levy and who pays it?

All eligible schemes pay the levy to help make sure their members are protected.

How we calculate the levy

The levy is made up of the scheme-based levy and the risk-based levy. Here we explain how we calculate each component.

Is your scheme eligible?

Almost all defined benefit occupational pension schemes, and schemes that have defined benefit elements, are eligible.

How to update the information we have about you

Make sure you give accurate and up-to-date information about your scheme to us, The Pensions Regulator and D&B.

We've confirmed a zero levy for 2026/27

Following our levy consultation, we’ve announced that we won’t charge conventional schemes a PPF levy next year (2026/27).

Paying your levy

Find out more about your invoice or how to pay it.

Ways to reduce the levy

Learn about measures you can take to reduce your levy bill.

How to check your information

You need to give us the right information; we'll explain what's needed.