PPF 'systematically overcharging' on levy payments

The firm says the PPF, established to pay compensation to members of eligible defined benefit pension schemes in cases of insolvency, has taken the unprecedented step of overruling appeals that have already been deemed successful. It says it has learned that a number of companies with large deficits have been sent letters by the PPF informing them it is overruling dozens of appeals which had previously been approved by the Fund’s appointed advisers on the issue, Dun & Bradstreet (D&B). It says this means companies now face additional levies of millions of pounds. The PPF says it is look...