Brightwell comments on PPF levy reform approval
Following official approval of the provision within the Pension Schemes Bill, which allows the PPF to reduce the general levy when not required, Morten Nilsson, CEO of Brightwell, commented:
“This is a landmark moment for levy payers. The decision to pass this provision will be warmly received across the industry.”
“Granting the PPF greater flexibility in setting the levy is a pragmatic reflection of the strengthened funding position of defined benefit pension schemes and the sizeable reserve within the PPF.”
“With these changes now soon to be in law, I am delighted that the PPF Board can reduce the levy for 2026/27 to zero, delivering the outcome we have been hoping for.”
Published:
26 / 02 / 2026
