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The Pension Protection Fund (PPF) has confirmed its August 2007 commitment to setting a levy estimate linked to wages for the next three years, by proposing a levy estimate for 2009/10 of £700 million.
The PPF has also proposed a levy scaling factor of 2.22, in advance of the 2009/10 levy year. Although this figure is subject to consultation, the PPF does not expect it to change when it is confirmed in November.
Finally, it has confirmed that Dun & Bradstreet has been appointed as the PPF's insolvency risk provider for three years.
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