The Pension Protection Fund is due to implement a new levy regime which is expected to result in a £50m reduction in its levy take next year. The new regime is intended to provide greater stability for levy payers, however, will also place a greater emphasis on funding level and investment risk. This may mean that schemes with very strong employers which are not especially well funded could see an increase in their levy.

Proposals for the 2012/13 pension protection levy are set out in a consultation document along with a draft determination.