The PPF confirms levy rules for 2022/23 as set out in September’s consultation including continuation of measures to support schemes and employers through the pandemic
Our consultation setting out our plans for the 2022/23 levy rules closed on 9 November. We’ve published our policy statement with the formal levy rules, and updated the levy estimate.
In our recent update about progress on uncapping PPF compensation, we still had to finalise whether to put a six-year time limit on arrears payments due to PPF and FAS pensioners. This followed the Court of Appeal’s judgments on the methodology for implementing the ECJ’s Hampshire decision and the PPF compensation cap. The Department for Work and Pensions (DWP) and our Board have now finalised those decisions.
Every year we publish comprehensive data and analysis of the UK’s defined benefit pension landscape in The Purple Book. But what does it tell us and how do we use it?
Now in its 16th edition, The Purple Book is the most comprehensive data and analysis of the UK defined benefit (DB) pension landscape. It’s vital for helping us understand the risks we face as an organisation with obligations to our members, in an environment of significant uncertainty.
In September this year, we issued an update on our work to implement the Court of Appeal’s ruling that the compensation cap was unlawful, and to pay arrears to pensioners due increases as a result of the Hampshire ruling.
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