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See Contents page for an introduction to In Focus plus details of how to register to receive e-alerts to future editions of In Focus and our other publications.

December 2007

The PPF estimates it will need to collect £675m in pension protection levies in 2008/9 - the same as for the current year - and intends to keep the total levy stable at this level in real terms for 3 years.

However, the way the total of £675m is allocated across all eligible schemes is being changed, which will create some significant winners and losers.

It will be vital for many schemes to take action within the next four months.  In particular, if they have not already done so, schemes should ensure they submit their first "s179 levy valuation" to the PPF by 31 March 2008.  Better-funded schemes who previously thought there would be little or no payback from taking action may now find there is scope to reduce their levy.

This abridged version of In Focus summarises the proposed changes and identifies the likely winners and losers.  It also reminds trustees and employers of the steps they can take to reduce their scheme's levy.

If you would like to read the full version of the In Focus, which contains our detailed analysis, please complete this online form to register to receive futute e-alerts to News, In Focus and The Agenda and say that you would like the full PPF levies In Focus.  We will respond to your request as quickly as we can.

Additional Links

• Follow this link to read the PPF's levy publications (opens new window)

For further information:

This briefing note contains information of general interest and not advice. If you require advice on the implications for your own circumstances, please consult your normal contact.

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