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.
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