Pensions - Articles - Levy Reduction Measures from the Pension Protection Fund


The Pension Protection Fund has issued its determination and final documents in relation to the 2015/16 risk based levy. Companies that participate in defined benefit pension plans and trustees of such plans should now consider whether they can save money by taking advantage of any of the levy reduction measures available.

Pension Protection Fund – Levy Reduction Measures

 There are a number of changes to levy reduction measures for 2015/16, including: a new certification requirement for Type A contingent assets; the option for employers to apply to exclude certain mortgages/charges from the risk assessment; and the recognition of Asset Backed Contributions with any underlying asset. These measures require careful consideration at an early stage so that the appropriate advice can be obtained and documentation can be submitted by the PPF’s deadlines. Any trustees certifying their pension plan as a ‘last man standing’ scheme on the scheme return should ensure that they have received legal advice confirming this status.
  
 We highlight the key issues in our publication. We recommend that employers and trustees seek advice on the options available to them. Please view the document by clicking below
  
 
  

Back to Index


Similar News to this Story

Wish list for the occupational pensions industry in 2025
As one year closes and another begins, it's an opportune moment to set our sights on the future. The UK occupational pensions industry faces nume
PSIG announces outcome of Consultation
The Pensions Scams Industry Group (PSIG), which was established in 2014 to help protect pension scheme members from scams, today announced the feedbac
Transfer values fell to a 12 month low during November
XPS Group’s Transfer Value Index reached a 12-month low, dropping to £151,000 during November 2024 before then recovering to its previous month-end po

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.