Wragge Lawrence Graham & Co

UK 200 2014 position: 28

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…

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Briefings from Wragge Lawrence Graham & Co

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Overview

2 Snowhill
Birmingham
B4 6WR
UK
http://www.wragge-law.com/

Turnover (£m): 121.16
No. of lawyers: 440