PPF rules investment out of risk-based levy

In a speech to the National Association of Pension Funds’ (NAPF) annual conference, Partha Dasgupta, chief executive of the PPF, revealed the results of an industry consultation on the issue supported its initial conclusion that to include investment strategy in the risk-based levy would be “inappropriate”. The consultation, which closed on 27 January, revealed 60% of the 28 formal responses were against the introduction of investment risk as a risk factor, while two-thirds believe the impact of investment risk is limited. As a result Dasgupta says it would be inappropriate to introduce...