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We've confirmed a zero levy for 2026/27

Following our levy consultation, we’ve announced that we won’t charge conventional schemes a PPF levy next year (2026/27).

We've finalised our levy rules for 2026/27

We've published our levy policy statement and final rules for 2026/27, setting out the details of our earlier announcement that confirmed we won’t charge conventional schemes a PPF levy next year. 

Applying for a levy waiver

In limited circumstances, the Board can waive the levy. Find out more about levy waivers and how to apply for one here.

Request a levy review

If you think we have made a mistake, your scheme trustees or authorised representatives can raise a review.

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.

What are contingent assets?

Contingent assets are arrangements that can be put in place to support the level of scheme funding, particularly in the event of employer insolvency.

Sustainability strategy

Our sustainability strategy sets out how we aim to achieve our ambition for catalysing the growth of a sustainable pensions industry.

Our Whistleblowing Policy

We’re committed to the highest possible standards of openness, integrity and accountability and encourage all colleagues to ‘blow the whistle’ on any wrongdoing without fear of reprisal or victimisation.

Purple Book

Every year we publish the Purple Book, also known as the pensions universe risk profile. This is the most comprehensive data and analysis of the UK defined benefit pension landscape.

We’ve published our sustainability strategy

Our sustainability strategy, that sets out how we aim to achieve our ambition for catalysing the growth of a sustainable pensions industry, has just been published.