Levy policy statement and final determination issued 17 December 2010

The PPF has published its pension protection levy policy statement for 2011/12 confirming that:

  • the Board aims to collect an overall levy of £600m;
  • the levy taper will apply at 135% to 155% funding;
  • the cap on the risk based levy will be set at 0.75% of the scheme's PPF liabilities.

The PPF has also published its final Determination for 2011/12.