Hogan Lovells

Key Dates

Policy statement and draft determination published on 27 September 2017.

Consultation closes on 1 November 2017.

Further consultation on contingent assets standard forms expected in October 2017.

Final documents are expected in December 2017.

Guarantor strength report requirement to apply from the 2018/19 levy year.

Individual certification of multiple guarantors to be allowed from the 2018/19 levy year.


Summary

The Pension Protection Fund (PPF) has issued a policy statement on the third levy triennium (2018/19 to 2020/21), plus a draft levy determination for 2018/19 and associated documents.  The policy statement follows consultation in March 2017.  The PPF intends to implement the consultation proposals, with only limited change.

Contingent assets: standard form agreements

Contingent assets: guarantor strength reports

Contingent assets: guarantor who is a scheme employer

PPF-specific model for assessing insolvency risk

Alternative assessment of insolvency risk for rated entities / financial institutions

Special category employers

Deficit reduction contributions

Good governance discount

Asset-based contributions (ABCs) on real estate

Levy on schemes following a restructuring



Date Accessed: 03/12/2021