Regulations relating to the PPF compensation cap and levies for the 2010/11 financial year have been laid before Parliament. They provide that:
- The compensation cap will be increased from £31,936.32 to £33,054.09 from 1 April 2010 to reflect the increase in the general level of earnings in the year to April 2009.
- The percentage increase that the PPF can apply to the statutory ceiling on the pension protection levies for the financial year beginning on 1 April 2010 will be 0.9 per cent. This is in line with the increase in the general level of earnings in the year to 31 July 2009.
- The levy ceiling for 2010/11 will be set at £871,183,684.