The PPF has set out its consultation on how it will calculate next year’s PPF levy. Not surprisingly, given current market conditions the levy for next year is expected to be higher. |
Falls in interest rates have driven up values placed on liabilities and exposure for the PPF but what will be unexpected by levy payers is the extent of the increase. At £620m it is £120m more than the PPF initially expected to raise this year. In reality the PPF says actual levies for the current levy year are likely to come in higher than initially expected at £575m. But overall, levy payers will still see a £45m increase in bills. Emily Sturgess, Senior Consultant at XPS Pensions said: “While the increase is understandable, levy payers need to make sure they don’t end up paying large increases unnecessarily. A number of schemes may have introduced hedging and there are actions they can take to ensure that the PPF reflects this in their levy. Those that have protected against interest rate falls should not pay any more than required.”
There are a range of actions schemes and employers can take to ensure the PPF levy they pay is appropriate. With bill increases on the horizon, now is a good time to review all actions, such as: |
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Pensions Data Science Actuary | ||
Offices UK wide, hybrid working - Negotiable |
Head of Pricing | ||
London - Negotiable |
Global Specialty Pricing Actuary | ||
London - £95,000 Per Annum |
Client-facing DC investment manager | ||
London / hybrid 3 dpw office-based - Negotiable |
Financial Risk Leader - Bermuda | ||
Bermuda - Negotiable |
Aylesbury Actuaries | ||
Aylesbury / hybrid 3dpw office-based - Negotiable |
Make an impact in protection pricing ... | ||
London / hybrid 2 days p/w office-based - Negotiable |
BPA Implementation Manager | ||
North / hybrid 50/50 - Negotiable |
Head of Reserving | ||
London - £160,000 Per Annum |
In-force Longevity Actuarial Analyst | ||
London / hybrid 2 dpw office-based - Negotiable |
Make a difference within reinsurance ... | ||
London / hybrid 2 dpw office-based - Negotiable |
Be at the cutting-edge of life & heal... | ||
London / hybrid 2 dpw office-based - Negotiable |
Longevity Pricing Analyst | ||
London / hybrid 2 dpw office-based - Negotiable |
Develop your career in life reinsuran... | ||
London / hybrid 2 dpw office-based - Negotiable |
Protection Pricing Actuary - Life Rei... | ||
London / hybrid 2 dpw office-based - Negotiable |
Life (Re)insurance Pricing Manager (P... | ||
London / hybrid 2 dpw office-based - Negotiable |
Take the lead: life & health reinsura... | ||
London / hybrid 2 dpw office-based - Negotiable |
Pricing Tools and Systems Developer | ||
London / hybrid 2 dpw office-based - Negotiable |
Longevity Pricing Actuary | ||
London / hybrid 2 dpw office-based - Negotiable |
Shape the future of longevity | ||
London / hybrid 2 dpw office-based - Negotiable |
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