PLSA responds to Pension Protection Fund levy announcement

by | Sep 29, 2022

Share this article

The Pensions and Lifetime Savings Association (PLSA) has responded to Pension Protection Fund (PPF) announcement on its long-term funding strategy review and the news that it able to reduce the total amount of levy it charges.

Joe Dabrowski, Deputy Director Policy, PLSA, said: “The PLSA has previously called for a lower levy in response to increasingly high levels of PPF surplus and so we welcome the Pension Protection Fund’s announcement that is able to significantly lower its levy as a result of the success of its long-term funding strategy. The PPF’s decision today to announce a reduction in its levy underlines the PLSA’s assessment that, despite recent market difficulties, pension funds remain well-funded and a secure home for savers’ pensions.

“It’s very positive that the PPF is in such a strong place, given its important role in the sector and the wider economic challenges we currently face. As the voice of the pensions industry, the PLSA is looking forward to continuing its close working relationship with the PPF in order to ensure the best outcomes for schemes and, in turn, savers.”

Share this article

Related articles

Winners of the Protection Guru Awards 2022 are announced

Winners of the Protection Guru Awards 2022 are announced

Protection Guru, has today announced the winners of Protection Guru Awards 2022. In this, their second year, the awards have been established to recognise the leading lights of the protection industry. The team at IFA Magazine extends our congratulations to all this...

Trending articles

IFA Talk logo

IFA Talk is our flagship podcast, designed to fit perfectly into your busy life, bringing the latest insight, analysis, news and interviews to you, wherever you are.

IFA Talk Podcast - listen to the latest episode