ppf calculation 2012

ppf calculation 2012, Pension Protection Fund (PPF) calculation 2012, The Pension Protection Fund (PPF) published the Determination which sets the Levy Rules for 2012/13. A press release has been issued to accompany this.

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

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