UK Pensions - Pension Protection Fund begins consultation over risk-based levy

News

p5-clarke-jpg

In a consultation document released in November, the Pension Protection Fund (PPF) announced a proposed adjustment to the risk-based portion of the levy that it charges UK defined benefit (DB) pension schemes. The new formula will take account of the longer-term deficit risk.

The current formula is calculated as the product of a one-year probability of default and the current underfunding level, multiplied by a so-called 'scaling factor'. "The fault of the (current) formula," said Martin Clarke,

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: