PPF confirms 2007/08 levy is £675m

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The Pension Protection fund has confirmed the levy estimate for the year 2007/08 will be £675m.

In the final version of the ‘2007/08 Levy Determination’ the PPF also confirms it has instructed Dun & Bradstreet (D&B) to consider certain circumstances when calculating the failure score for a company, which is then used by the PPF to determine the risk-based element of the levy, which accounts for 80% of the charge. In addition the 18-page determination sets out four circumstances where Dun & Bradstreet should reconsider the failure score given to a company, in particular where County Court Judgements (CCJ) are involved. Following concerns from the industry the PPF has stated the fai...

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