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Pensions Update

Continuing our regular feature the Norton Rose Pensions Team brings us a pensions update
Stable Future For Pension Scheme Levy Sought By The Pension Protection Fund
The risk-based element of the levy paid by work-based pension schemes which is designed to protect their members is set to be fixed by the Pension Protection Fund (PPF) for the next three levy years. Levy payers have emphasised the desire for stability in the levy estimate and in the calculation of their individual bills as well as the importance of knowing the amount of their individual bills in advance of the start of the levy year.
As a result the PPF has proposed to maintain a stable...

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