UK Pensions - PPF defends levy scaling factor increase


Partha Dasgupta, the chief executive of the Pension Protection Fund (PPF), which acts as a lifeboat for members of insolvent UK pension schemes, issued a stout defence of the decision to raise the scaling factor at which the levy is calculated, arguing that improved data over the level of risks was a major factor in the increase.

To meet its three-year capital requirements, the PPF needs to raise £675 million from its levy each year, with 80% of the levy based on a scheme's perceived riskiness

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