Sixty Second Summary
PPF Levy Consultation 2021/22
07 Oct 2020
The Pension Protection Fund (‘PPF’) has launched its consultation on the levy framework for 2021/22 i.e. those levies that will be invoiced in Autumn 2021. This follows a consultation earlier in the year which focussed on calculation of insolvency risk specifically.
The PPF have published their consultation on proposed changes to the levy framework for the 2021/22 levy year. Normally, the levy framework is fixed for three years and the results of this review would have applied to the 2021/22, 2022/23 and 2023/24 levy years. However, due to the Covid-19 pandemic, a shorter-term focus is being applied and so only the 2021/22 levy year is being considered at this stage. A return to triennial reviews is expected to re-commence from 2023/24.