NAPF welcomes PPF's plans to stabilise levy

Earlier today the PPF estimated it needs to collect £675m in pension protection levies in 2008 to 2009, a figure unchanged from 2007 to 2008. The PPF says the estimate will remain stable for the next three financial years unless its faces a significant change risk levels, although it will index the estimate against average earnings. The PPF has also raised the funding level at which schemes pay no risk-based levy from 125% to 140% to ensure schemes pay a levy which more accurately reflects the long-term risk they pose to the PPF. The body says it should also give schemes the right incen...