This update provides the latest estimated funding position, based on adjusting the scheme valuation data supplied to The Pensions Regulator as part of the schemes’ annual scheme returns, on a section 179 (s179) basis, for the defined benefit pension schemes potentially eligible for entry to the Pension Protection Fund (PPF).
The Pension Protection Fund has today announced in its 2024/25 levy consultation that it expects to collect £100m in levy next year, further reducing the levy by half compared with the 2023/24 estimate.
In celebration of Pride this month, we’ll be supporting and running some special events throughout June. Pride commemorates the riots held by members of the LGBTQ community against a police raid at the Stonewall Inn in New York City on June 28, 1969.
A range of industry stakeholders were also interviewed as part of the review, including trade bodies, schemes, experts, and government officials, ensuring a wide range of perspectives and opinions were considered.
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