PPF proposals would cause 'unfair levies'

The actuarial consultancy attributes the danger to out of date information and says the proposals contradict the PPF’s first fairness principle that schemes pay levies reflecting the risk they pose. The consultancy also says the proposals would remove incentives for employers to reduce those risks. The PPF proposes to bring forward the measurement date of risk factors to 12 months before the start of the levy year from 2009 to 2010. The proposals would address scheme concerns that they cannot calculate their individual bills until after the start of the levy year in question. Alan Smith...