Pension Protection Fund

(asked on 1st February 2023) - View Source

Question to the Department for Work and Pensions:

To ask the Secretary of State for Work and Pensions, in the context of proposed reductions in levies charged by the Pension Protection Fund, whether he has made an assessment of the potential merits of maintaining levies and allocating any surplus to provide inflation protection to defined benefits pension rights accrued prior to 6 April 2007.


Answered by
Laura Trott Portrait
Laura Trott
Chief Secretary to the Treasury
This question was answered on 8th February 2023

Operational decisions about the Pension Protection Fund (PPF) levy are a matter for the Board of the PPF. The Secretary of State has made no assessment of potential merits to maintain the levies raised by the PPF, and re-allocating any surplus to provide inflation protection.

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