Third Levy Triennium
On 28 July 2016 we published an update on the areas we plan to review within the Third Levy Triennium. The document can be found here.
The pension protection levy is one of the ways that the PPF funds the compensation payable to members of schemes that transfer to the Pension Protection Fund.
These pages contain information about who has to pay the levy, how it is calculated, how schemes can reduce their levy, and the invoicing process.
You can also access key documents explaining how policy is on the levy is developed, through consultation, on the Policy Development page. On 17 December 2015, the PPF published the Policy Statement and Levy Rules for the levy year 2016/17. These can be viewed on the 2016/17 Levy Determination page.
30 March 2016: We have today updated the 2016/17 Transformation Appendix to correct an omission in the drafting. This update will ensure that the original policy intention is achieved. More detail about the update can be found here.
Levy Data Correction Principles
Guidance on ABCs
Guidance on Bespoke Investment Risk Calculation
Guidance on Block Transfers
Guidance on Contingent Assets
Guidance on Exclusion of Mortgages
Trustees and employers can check their Experian data and scores by logging on to the Pension Protection Score Portal