Outstanding bills could see PPF levy soar

Aon Consulting and Hymans Robertson are both warning any outstanding payments or county court judgments (CCJs) could see pension levies rise up to four times higher. The PPF will set the 2006/07 levies for companies on 31 March 2006, with 80% of the levy based on the risk of insolvency using a company’s credit rating or financial security determined by Dun & Bradstreet (D&B). But Aon says failure to pay bills for as little as a few hundred pounds could mean levies which are up to four times greater than if they had paid their bills earlier, as credit ratings are heavily impacted by a ...