BN79 - The New Pension Protection Levy Framework to Apply From 2012/13

Briefing Note

Following detailed consultation, the Board of the Pension Protection Fund (“the PPF”) has confirmed the framework that will apply for the calculation of PPF levies from 2012/13.

As initially proposed by the PPF, the new framework will take a “bottom-up” approach, designed to reduce the degree of cross-subsidy between schemes and to result in a more stable and predictable levy.

This BBS briefing note provides a summary of the main components of the levy calculation.

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