PPF announces 2014/15 levy

The PPF has announced that its 2014/15 levy will be £695m, which a 10% increase on the 2013/14 levy.

The PPF has decided not to amend its formula for calculating the levy and confirmed that the increase is mainly due to market movements. The PPF highlighted that while the overall levy will increase by 10%, there will be a wider variation in the individual levy bills reflecting changes in individual risk combined with the smaller universe of eligible schemes.