The Pension Protection Fund (PPF) has published the 2010/11 Pension Protection Levy Policy Statement which sets out:

  • that the Board aims to collect an overall levy of £720 million;
  • a levy scaling factor of 1.64;
  • a risk-based levy cap of 0.5 per cent of liabilities;
  • a change to the way probabilities of insolvency for foreign employers are calculated;
  • changes to the requirements for certification of block transfers; and
  • a deadline of 9 April 2010 for certification of deficit reduction certificates.

The PPF has also published the final levy determination for 2010/11.

View the Policy Statement and the Final Levy Determination.