What D&B Failure Scores will be used for the 2012/13 levy? When will the Scores be available?
The insolvency risk of employers is based on the average Failure Score over the 12 months up to the start of the levy year.
We use the average Failure Score to place each employer in a PPF levy band for the year. We calculate the average by taking the equally weighted mean of the 12 monthly Failure Scores.
For the 2012/13 levy year, these are the Failure Scores from the period April 2011 to March 2012, measured on the last working day each month.
The relevant dates for 2012/13 are:
• 28 April 2011
• 31 May 2011
• 30 June 2011
• 29 July 2011
• 31 August 2011
• 30 September 2011
• 31 October 2011
• 30 November 2011
• 30 December 2011
• 31 January 2012
• 29 February 2012
• 30 March 2012
After the end of March, D&B will conduct quality assurance checks to confirm accuracy of the data. This will involve calculating and confirming an average score for some 20,000 employers, including calculating industry and scheme average scores where appropriate. Final scores have been available from 1st June 2012. If you have a query over the average failure score, you can contact DB&B, which may allow it to be resolved ahead of bills being sent. You can contact D&B directly on 0870 850 6209 or by emailing firstname.lastname@example.org
(quoting – ‘PPF’ in the subject line).
Published: Wednesday, August 08, 2012
Associated Subjects: Levy;D&B;Insolvency;Failure Scores;New Levy Framework (Levy from 2012/13)
Associated Roles: Employers;Pensions Professionals;Trustees
Levy Sub-Category: Insolvency Risk;D&B
Levy Year: 12/13
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