UK - The Pension Protection Fund (PPF) has released a consultation questioning whether the levy pension schemes pay should be fixed for three years.

The PPF board is suggesting to maintain a stable, index-linked levy estimate for three years between 2008 and 2011, following calls from levy payers who wanted greater stability in the levy estimate and their levy bills.

Interested parties can also comment, until October 3, on "how the levy will evolve, emphasising a move away from short-term to long-term risk measures to calculate the levy", as well as on other proposals set out in the consultation paper.

This consultation follows the introduction of a bespoke model to calculate the PPF's long-term risk.

"We are now keen to hear what people think about how the levy can develop in the decades to come," PPF's chief executive, Partha Dasgupta, commented.

The PPF has also confirmed Dan & Bradstreet as insolvency risk providers for another two years but fom the 2010/11 levy period onwards, the PPF may consider appointing more than one insolvency risk provider.

Suggestions are sought on the tender process, which the PPF expects to complete by March 2008 to allow for a one-year transition period.

Topics