Will your PPF levy increase from April 2015?
The Pension Protection Fund (PPF) has issued a consultation paper setting out its proposed levy framework for the three levy years from April 2015 onwards. This could result in your scheme’s PPF levy changing significantly.
The biggest change is the use of Experian to assess insolvency risk instead of Dun & Bradstreet. Experian’s model is significantly different to that of Dun & Bradstreet: it will be important to understand the likely effect of this change for your scheme. There are also changes around asset-backed contributions, unsecured guarantees (Type A contingent assets) and last-man-standing schemes.
To allow trustees and employers time to assess the implications of the new model for the sponsor’s individual scores, only scores from October 2014 onwards will feed into next year’s levy figures…
Click on the link below to read the rest of the Eversheds briefing.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Eversheds
News from The Lawyer
Briefings from Eversheds
The forthcoming Consumer Rights Bill will introduce changes to consumer laws, including those dealing with the provision of goods, services and digital content.
The Ombudsman is currently investigating one complaint from a member whose transfer was executed but, in the member’s subsequent view, should have been blocked.
Analysis from The Lawyer
Eversheds is no stranger to an international tie-up but now it’s in the market for the jewel in its global crown
Which firms are cutting it in this era of slimline rosters, and who are the GC new brooms making clean sweeps? The Lawyer can reveal all