Pension Protection Fund puts levy invoicing on hold

The PPF has announced that it is putting its 2025/26 levy invoicing on hold and expects to provide a further update in the Autumn.

The PPF restated that it is moving to charge no conventional levy if appropriate legislative changes are brought forward and sufficiently progressed in 2025/26. Its levy rules for the 2025/26 financial year already include provisions for the calculation of a zero conventional levy once changes are made to the governing legislation.

The PPF continues to monitor the progress of the Pension Schemes Bill which is due to be debated in Parliament over the Autumn, before making a final decision on the 2025/2026 levy. The committee stage in the House of Commons is due to begin on September 2, 2025.