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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)

Pension Protection Fund publishes 2018 Gender Pay Gap report

At 31 March 2018 the PPF’s median gender pay gap stood at 17.2 per cent, a drop of three percentage points from last year (20.4 per cent in 2017). The mean pay gap is 23.67 per cent (24.97 per cent in 2017); the organisation’s median bonus gap is 30.55 per cent (24.11 per cent in 2017) and the mean bonus gap is 59.12 per cent (64.26 per cent in 2017). This is the PPF’s second year of reporting.

The Pension Protection Fund updates on third levy triennium work

The Pension Protection Fund (PPF) has published an update on its plans for the third levy triennium starting in 2018. 

PPF 7800 index - December 2018

This month there are two updates to the way the PPF 7800 index is calculated:

PPF to significantly reduce levy as funding strategy review concludes

Schemes encouraged to use savings to strengthen scheme position.

PPF announces levy estimate for 2017/18

The Pension Protection Fund (PPF) has today published its consultation document on changes to the Pension Protection Levy for 2017/18.

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 announces levy estimate for 2019/20

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

PPF Publishes Refreshed Guidance for Restructuring & Insolvency Professionals

The Pension Protection Fund (PPF) has today published its refreshed General Guidance for Restructuring & Insolvency Professionals.

Changes resulting from new bridging pension regulations

The Pension Protection Fund has today issued a new version of the section 179 valuation guidance.  The new guidance takes account of the regulations which came into force on 24th February 2018 in relation to step-down pensions.