Alongside this is published the Policy Statement, following the September consultation on the 20112/13 levy, which summarises responses to the consultation and sets out the changes that have been made to the proposals set out in the consultation. It does not purport to be a full description of the New Levy Framework, being introduced from 2012/13, and should be read in conjunction with the Consultation Document.
The Policy Statement confirms that the Board of the PPF will:
Aim to collect an annual levy of £550 million in 2012/13
Set the risk-based levy scaling factor at 0.89 and the scheme-based levy multiplier at 0.000085,and
Cap the risk-based levy at 0.75 per cent of liabilities.
The following documents are published with the final Determination:
Block Transfers Guidance
Contingent Asset Guidance
Investment Risk Guidance
Levy Practice Guidance
Read More..
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