Pension Protection Fund Rethinks Levy Costs

The HeraldOctober 15, 2005

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Summary


INDUSTRY breathed a sigh of relief yesterday as the Pension Protection Fund said it was introducing amendments which could "significantly impact" the levy it will charge pension schemes from next year.

The PPF went live in April this year to pay compensation to company members of defined benefit pension schemes that have become insolvent.

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Pension Protection Fund Rethinks Levy Costs

It is to be funded by means of a risk-based levy on pension schemes, and already the PPF has admitted t...

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