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UK pensions weekly: PPF levy ceiling 2025/26; FOS SIPP due diligence ruling; Arcadia scheme merger approved; DWP on pre-1997 DB indexation; consultations and trackers, 6 February 2025

Published on: 06 February 2025

Published by a LexisNexis Pensions expert
Legal News
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In this issue:

  • Pension Protection Fund
  • Personal pensions
  • Scheme merger
  • Members and benefits
  • Daily and weekly news alerts
  • New content
  • Dates for your diary
  • Trackers

Pension Protection Fund

PPF levy ceiling for 2025/26 announced

The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2025 (SI 2025/103) raises the levy ceiling that the Board of the Pension Protection Fund (PPF) may collect for the 2025/26 levy year. Under s 177 of the Pensions Act 2004, the Secretary of State is obliged to set a ceiling, preventing the PPF from increasing the pension protection levy beyond a prescribed maximum. The ceiling is reviewed each year to reflect the general level of earnings in Great Britain (unless earnings show no rise) and is published annually through a new Order. The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2025 was made on 30 January 2025 and laid before Parliament on 3 February 2025...

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