LNB News 30/01/2025
Document Information
Issue Date: 30 January 2025
Published Date: 30 January 2025
Jurisdiction(s): England, Northern Ireland, Scotland and Wales
The Pension Protection Fund (PPF) has today published its levy rules for 2025/26. Following its last update in December 2024, the PPF has collaborated with colleagues in government, shaping its strategy for finalising its plans for the 2025/26 levy. The PPF Board has decided to reduce its levy estimate for 2025/26 by more than half, reducing it down to £45 million, a significant decrease from the initially proposed £100 million and marking its lowest levy ever. Nearly all schemes (99.7%) are expected to experience a levy reduction next year. Additionally, the PPF has introduced a new provision in its levy rules allowing the Board to determine a zero levy if suitable amendments that enhance the PPF's flexibility in establishing the levy are proposed and adequately advanced during the 2025/26 period.
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