PPF Levy expected to decline

The Pension Protection Fund (PPF) has launched a consultation on its levy rules for 2024/25. The PPF is in a strong financial position and has reflected that in their proposal to halve the expected income for the next financial year. The PPF website reports “the PPF expects 99 per cent of levy payers to see their levy fall compared to the current year”, it also considers options to distribute levy’s between schemes in future years.

The consultation closed on 30th October 2023.