The pensions protection levy is likely to climb again in 2008 after the Pensions Protection Fund (PPF) collected less than half its estimate in levies for 2006/7, according to Mercer.
The firm says annual accounts released by PPF last week show it expected to receive £575m in levies during the 2006/7 levy year, but only collected £271m. As a result, it says, only 60% of the levy collected...
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Tap into our community intelligence through our regular Pro Adviser poll.
- Be the first to hear about our events and awards programmes.
