Brightwell comments on PPF Levy Reform in the Pension Schemes Bill
Commenting on the inclusion of a provision in the Pension Schemes Bill to remove the restrictions that prevent the Pension Protection Fund (PPF) from reducing the annual pension protection levy it collects, when it is not required and confirmation from the PPF that it will hold off invoicing for the 2025/26 levy, Morten Nilsson, CEO, Brightwell said: “Today’s announcements are a long-awaited victory for common sense and will be widely welcomed by levy payers.
“Allowing the PPF greater flexibility in setting the levy better reflects the improved funding of defined benefit pension schemes and the substantial surplus within the PPF.
“I hope this will now enable the PPF Board to reduce the levy for 2025/26 to zero which is the ultimate goal.”
Published:
05 / 06 / 2025
