The new PPF levy triennium – what’s changed?
The PPF has recently published its consultation on the 2021/22 PPF levy, setting the rules for the levy to be invoiced in autumn 2021.
This comes at a particularly uncertain time for the PPF, with the prospect of an increased level of insolvencies on the horizon due to Covid-19. In this webinar, Lewys Curteis explores the PPF’s proposals, and considers what the current economic challenges might mean for future PPF levies.
He also provides an overview of this year's change in the insolvency risk provider from Experian to D&B, and the impact of Covid-19 on individual company insolvency scores.
Key takeaways
- To gain an understanding of the PPF levy – a significant and uncertain cost for a lot of companies
- To understand how the PPF levy calculation is changing this year, and the key points to be aware of
- How the PPF levy might change in the future as the full impact of Covid-19 flows through
- What companies and trustees can do to mitigate the size of the levy.
The new PPF levy triennium – what’s changed? (43 minutes)
About this webinar
Join our expert to explore this year’s changes to the PPF levy and how the outlook for the future given the economic challenges arising from Covid-19.
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PPF Levies: the calm before the storm?
This year at least, it would appear that the scales have been tipped in favour of businesses, with the PPF confident that it is resilient enough to weather the oncoming storm without an immediate increase in levy payments... Read Lewys Curteis' latest blog for more.
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Lewys Curteis
Lewys advises companies on a wide range of defined (DB) pension issues, including funding valuations, corporate accounting, insurance transactions and liability management. He has completed projects for a variety of different companies (with schemes ranging from the low millions to the multi-billions), helping to reduce both risk and cost. Lewys also leads Barnett Waddingham’s expert PPF levy team. Lewys’ personal approach combined with a proactive attitude has made him a trusted adviser for a range of UK and multi-national businesses of different sizes and across different sectors. Lewys has also spent time in the USA as part of Barnett Waddingham’s joint venture with Milliman, building up a good understanding of US pensions issues.
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