Change to PPF compensation regime might lead to increased levy

It remains to be seen whether proposed changes to the Pension Protection Fund (PPF) compensation regime, which will benefit long-serving members of underfunded schemes of insolvent employers, will lead to increased PPF levies: there is no immediate suggestion that it will, but this must be a risk over time.

In a ministerial statement issued by the Department for Work & Pensions (DWP) on 25 June 2013, the minister for pensions, Steve Webb, announced that there will be an increase to the cap on compensation paid by the PPF in relation to members of PPF-qualifying schemes who have had long service and have large pension entitlements in those schemes…

If you are registered and logged in to the site, click on the link below to read the rest of the Taylor Wessing briefing. If not, please register or sign in with your details below.

Briefings from Taylor Wessing

View more briefings from Taylor Wessing

Analysis from The Lawyer

  • merger deal

    Corporate crunch time: who will triumph at The Lawyer Awards 2014?

    As the equity capital markets rocketed back into favour and global M&A saw at least a partial return to form, there have been some rich pickings for The Lawyer’s Corporate Team of the Year award shortlisted firms in 2014. 

  • singapore orchid

    Singapore: Cash course

    The city-state is working hard to become a global wealth management hub, and law firms are gearing up for a prosperous new world

View more analysis from The Lawyer


5 New Street Square

Turnover (£m): 228.00
No. of lawyers: 860
Jurisdiction: UK
No. of offices: 4
No. of qualified lawyers: 67 (International 50)