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PPF confirms levy determination for 2019/20

Following the consultation launched in September, the Pension Protection Fund (PPF) has today published its final levy rules for the 2019/20 levy year.

Implementing the European Court of Justice ruling

In September 2018 the Court of Justice of the European Union (the CJEU) ruled that pension scheme members should receive at least 50% of the value of their accrued old age benefits if their employer became insolvent.

Court of Justice of the European Union judgement - update

Following the judgment of the Court of Justice of the European Union (CJEU) last month, we have started to write to capped members who we believe are affected by the ruling. This is to confirm our records, because we do not have all the data we need to calculate the increase due. We will be writing in tranches over the coming weeks, so members who believe they are affected, but do not receive a letter immediately, do not need to contact us.

New levy estimate for 2019/20

We’ve announced the amount of levy we will collect in 2019/20 will be £500 million. This is down from £550 million in 2018/19.

Pension Protection Fund announces levy estimate for 2019/20

Levy estimate for 2019/20 will be £500 million, down from £550 million in 2018/19

Court of Justice of the European Union's judgement on Hampshire v PPF

The Court of Justice of the European Union (CJEU) has today ruled that individual members should receive at least 50 per cent of the value of their accrued old age pension in the event of employer insolvency.

PPF Confirms Levy Determination for 2018/19

PPF confirms Levy Estimate at £550 million for 2018/19

Pension Protection Fund launches Consultation on Contingent Assets in the PPF Levy

The Pension Protection Fund (PPF) has today (Thursday) opened a short consultation relating to contingent assets in the PPF levy. This will be of particular interest to schemes and employers that are considering putting a contingent asset in place, those who currently have one in place, and those who advise on them.

Pension Protection Fund Levy Estimate 2018/19

Levy estimate for 2018/19 will be £550 million, 10 per cent lower than 2017/18 (£615 million)

PPF publishes its strategy for the next three years

Financial Assistance Scheme administration to be brought in-house.