The Pension Protection Fund published its final levy rules for the 2018-19 levy year on Tuesday.
The PPF has confirmed that for 2018-19, the Levy Scaling Factor will be 0.48 and the Levy Estimate is £550m.
This is just over 10 per cent lower than the estimate for 2017-18, which is £615m.
The PPF has also issued a list of key dates:
Item | Key dates |
Monthly Experian Scores | Between 31 October 2017 and 31 March 2018 |
Deadline for submission of data to Experian to impact on PPF-specific Monthly Scores | One calendar month prior to the Score Measurement Date |
Submit scheme returns on Exchange | By midnight, 31 March 2018 |
Reference period over which funding is smoothed | 5-year period to 31 March 2018 |
Contingent Asset Certificates to be submitted on Exchange | By midnight, 31 March 2018 |
Contingent Asset hard copy documents to be submitted as necessary to PPF | By 5pm, 29 March 2018 |
ABC Certificate to be sent by e-mail to PPF | By midnight, 31 March 2018 |
Mortgage Exclusion (‘Officers’) Certificates and supporting evidence to be sent to Experian | By midnight on 31 March 2018 |
Accounting Standard Change certificate | By midnight on 31 March 2018 |
Special category employer certificate | By midnight on 31 March 2018 |
DRCs Certificates to be submitted on Exchange | By 5pm, 30 April 2018 |
Certification of full block transfers to be completed on Exchange or sent to PPF (in limited circumstances) | By 5pm, 29 June 2018 (Exempt transfer application by 5pm 30 April 2018) |
Invoicing starts | Autumn 2018 |
