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ARTICLE · 01 FEBRUARY 2016

PPF Levy Determination: Stability Is The Goal

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The Pension Protection Fund's "levy determination" for the 2016-17 levy year has now been published.

United KingdomEmployment and HR
Alison Hills
Alison Hills

The Pension Protection Fund's "levy determination" for the 2016-17 levy year has now been published. A key feature is the PPF's recognition of the importance of stability as regards amounts due from levy-payers. Less material (or not, as the case may be!) is the PPF's extension, of the deadline for the submission or certification of contingent assets, from 5pm to 12 midnight on 31 March 2016.

In September of last year the Pension Protection Fund (PPF) launched its regular annual consultation regarding the levy rules for the forthcoming levy year.  This however was the first consultation following the switch from Dun & Bradstreet to Experian's bespoke insolvency risk model.  The new model places more emphasis on financial indicators, and represents a shift away from non-financial measures (such as the number of directors) that characterised D&B's approach. 

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