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Could PPF levies be on the rise?
The Pension Protection Fund (PPF) has recently had to re-think the level of benefits it provides members following the Court of Justice of the European Union (CJEU) decision of Hampshire.
The Pension Protection Fund (PPF) has recently had to re-think the level of benefits it provides members following the Court of Justice of the European Union (CJEU) decision of Hampshire. The more recent Bauer decision has now suggested that the PPF must, in fact, protect benefits at a level higher than Hampshire had provided. This is likely to add an additional administrative and cost burden to the PPF, which could be reflected in increases to PPF levy charges.
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