PPF levy — are you ready for the significant changes ahead?
By Crispin Freeman
The Pension Protection Fund (PPF) has issued a consultation paper on its plans for the PPF levy over the three years from 2015–16 onwards. The proposed changes could result in a significant increase (or decrease) in a scheme’s PPF levy.
Dun & Bradstreet was recently replaced by Experian as the PPF’s insolvency risk services provider. The PPF is now proposing to move to a new PPF-specific model developed by Experian.
The new model will be based on the experience of sponsors of defined-benefit pension schemes rather than the average UK business. It will also be very largely based on financial information rather than non-financial factors such as the number of directors on the company’s board. The PPF believes that the new model will be more accurate, stable, transparent and resistant to manipulation…
Click on the link below to read the rest of the Wragge Lawrence Graham & Co briefing.
News from Wragge Lawrence Graham & Co
News from The Lawyer
Briefings from Wragge Lawrence Graham & Co
Weatherford Global Products Ltd v Hydropath Holdings Ltd and Others concerned the manufacture and supply of the ‘Clearwell Product’.
Wragge Lawrence Graham & Co’s real-estate experts bring you the latest property law issues and provide action points to help you and your organisation.