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PPF proposes updates to valuation assumptions for buyout

The Pension Protection Fund (PPF) has today launched a consultation on proposed changes to the assumptions it uses for certain valuations which provide an estimated price for bulk annuity providers in the buyout market. 

Insolvency risk scores

Use our portal to check the insolvency risk scores used to calculate your levy invoice.

Is your scheme eligible?

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

PPF confirms significant reduction in levy

PPF confirms significant reduction in levy following widespread support for consultation proposals on rules for 2023/24

We’ve published our levy rules for 2023/24

Our consultation setting out our plans for the 2023/24 levy rules closed on 10 November. Today we’ve published our policy statement with the formal levy rules.

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. 

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.

Levy payment plan request form

If you'd like to apply to pay your levy by instalments complete the form below within 28 days of receiving your invoice.

How to appeal your score

You'll need to contact our insolvency risk partner if you want to appeal your scheme’s mean score, levy band and levy rate.

How to provide scheme data

Most of the information we use comes from your s179 valuation information and annual scheme return.