Government urged to pay half PPF levy

Technical director Joanne Livingstone says while the Government would not underwrite the lifeboat fund it would be "very helpful if it at least undertook to pay some of the PPF levies required from sponsors of defined benefit schemes". "For example, it would be enormously helpful if they undertook to meet say half of each sponsor's levy," he says. "If this was done for all sponsors then the system could be cheaply administered, it would provide much needed relief for sponsors who cannot afford the levies and would allow extra contributions to go directly into the schemes of those whose ...