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 21 September 2015, the PPF published the consultation and draft Levy Determination (Rules) for the 2016/17 levy.
The changes proposed in this consultation document focus on efforts to reduce burdens on schemes and to improve practical elements of the rules. For example, seeking to simplify the process for re-certifying mortgage exclusions and asset backed contributions. The consultation closes at 5pm on 22 October - responses should be sent to email@example.com
The full detail of the Levy Determination and its supporting documents for levy year 2015/16 can be viewed on the 2015/16 Levy Determination page.
Levy Practice Guidance
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