The PPF's new levy framework comes into effect in from 2012/13. In a significant break from the past - when the PPF changed the way the levy is calculated every year - these new rules are intended to be fixed for three years. This means that levy bills will be more predictable then before and schemes can expect that if their risk falls over the three years, then so will their levy. The rules are also designed to make the levy more stable. 

We have prepared a booklet, Introduction to the New Pension Protection Levy for 2012/13, which will help levy payers prepare for the changes. If you would like a hard copy of this booklet, please email your details to pensionprotectionfund@ecgroup.co.uk and quote code PPF 1201.

We have also recorded a webcast in which PPF Chief policy Advisor, Chris Collins, explains the new framework. (the link will take you to the PPF's Youtube channel).

The following links may also be useful for further information about the new levy framework:

Details	Page/Document
Two policy statements published in May 2011 and December 2011 explain what we are aiming to achieve. The May document sets out the broad framework that is being put in place and the December document covers the detailed rules, following comprehensive consultation exercises.	The Pension Protection Levy - A New Framework - May 2011 2012/13 Levy Policy Statement - December 2011
The Levy Rules and appendices, guidance on levy practice, block transfers, bespoke investment risk calculation and contingent assets are here. You can also find standard form contingent asset agreements here.	Levy Determination 2012/13
All FAQs on the 2012/13 levy. The most viewed can be seen on the right side of this page.	New Levy Framework FAQs
We have written to schemes advising them about the new levy framework, and to schemes with a type A or type C contingent asset	Letter to all Schemes Type A Letter Type C Letter
This page contains links to all levy-related documents going back to 2005. Some of these documents have been superseded and are included for historic interest.	All Levy Documents

The key deadline dates are as follows:

Monthly D&B Failure Scores (taken on the last working day of each month)	from 28 April 2011 – 30 March 2012
Final submission of scheme return information on Exchange	5pm, 30 March 2012
Period over which funding is smoothed	5 year period to 30 March 2012
Certification of contingent assets	by 5pm, 30 March 2012
Certification of deficit reduction contributions	by 5pm, 10 April 2012
Certification of full block transfers	by 5pm, 29 June 2012
Invoicing	starts autumn 2012