Pensions Regulator fails in levy collection

In its annual report figures from the Regulator shows it charged £190,000 to collect levies for both the Department for Work and Pensions, and the Pension Protection Fund (PPF). However, although it was expected to collect a total of £186.3m, it succeeded in retrieving just £155m, equivalent to about 83% of the total amount invoiced. Despite this, over its first 12 months of operation the regulator made a profit of almost £2.6 which was transferred into its general reserve, however when the regulator took over from the Occupational Pensions Regulatory Authority (OPRA), it also shoulde...