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International Restructuring Newswire
Welcome to the Q2 2025 edition of the Norton Rose Fulbright International Restructuring Newswire.
PPF publishes Levy Ceiling Order 2024
United Kingdom | Publication | February 2024
On January 30, 2024, the PPF published its annual levy ceiling Order, which will apply from April 6, 2024.
The PPF has confirmed that it intends to collect an estimated £100m from eligible DB schemes for the 2024/25 financial year. This represents an 8.2 per cent increase over the previous year, due mainly to the growth in average weekly earnings in the year to July 2023. The levy funds the compensation the PPF provides to members of schemes with insolvent employers.
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Upcoming deadlines for complying with federal pay equity legislation
Another compliance deadline is approaching under the federal Pay Equity Act – federally regulated employers are required to file an annual statement with the Office of the Pay Equity Commissioner on or before June 30, 2025, if they posted a pay equity plan in the previous year.
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