The Pension Protection Fund (the "PPF") has announced that, despite the current economic downturn, this year has seen companies pay their risk-based levies more promptly than ever before.

Notwithstanding this trend, the PPF has recognised that some companies may be struggling and is encouraging them to come forward if they are in genuine financial difficulty.

It will consider each scheme and employer on a case by case basis and may agree to levy payments being deferred or staggered.