The administration costs of the Pension Protection Fund ("PPF") are funded via the DWP by an administration levy which is paid by all schemes eligible for the protection provided by the PPF (which is separate from the main PPF levy relating to the funding of a scheme). The rates of the administration levy are regularly reviewed and in November last year, the Government ran a consultation on proposed changes to the levy for each of the three years from 2015/16 to 2017/18 (i.e. the financial years ending 31st March 2016, 31st March 2017 and 31st March 2018 respectively) because of a deficit in its administrative costs compared with the levy collected. The Government has now confirmed, as recommended in the consultation, that the administration levy rates will increase by 15% in each of the three years mentioned above. The regulations effecting these changes have now been put in place, and PPF eligible schemes and employers should note the increased cost this will mean for those schemes, at least over the next three years.