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Reducing your Pension Protection Fund (PPF) levy for 2017/18

10 February 2017

2017/18 is the third year in the Pension Protection Fund (PPF)'s levy "triennium" under the new levy framework.

Trustees who wish to reduce their pension scheme's risk-based levy by taking account of contingent assets or asset-backed contributions need to pay careful attention to the certification processes that have a deadline of midnight on 31 March 2017.

The deadlines to remember are:

  • Certification (or re-certification) of contingent assets on Exchange and submission of hard copy supporting documents to PPF – Midnight 31 March 2017
  • Certification of asset-backed contributions to PPF – Midnight 31 March 2017
  • Certification of mortgages and other security by submitting an officers' certificate and associated hard copy documents to Experian – Midnight 31 March 2017
  • Certification of accounting standard change with supporting evidence to Experian – Midnight 31 March 2017
  • Submit data to Experian to impact Monthly Experian Scores – one calendar month prior to the Score Measurement Date (for new guarantors, by midnight on 31 March 2017.
  • Certification of deficit reduction contributions on Exchange – 5pm, 28 April 2017
  • Certification of block transfers on Exchange (or sent to PPF in limited circumstances) – 5pm, 30 June 2017 Invoicing for the 2017/18 levy year is expected to start in autumn 2017.

Please click here to read the full briefing note.


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