PPF sets out risk-based levy proposals

The PPF says the first year's risk based levy would be based on scheme underfunding and insolvency risk, while the fund levy will be at least 80% risk-based. The amount of funding provided to a scheme will take into account the difference between the value of its assets and its Pension Protection Fund liabilities, so as to cushion any potential impact on smaller firms. The Board says where a company petitions for insolvency, whether it receives help from the Fund will be will be assessed by a credit reference agency from 2006/07. The PPF says it will begin the task of determining its ...