Pension Protection Fund Ombudsman levy | Practical Law

Pension Protection Fund Ombudsman levy | Practical Law

Pension Protection Fund Ombudsman levy

Pension Protection Fund Ombudsman levy

Practical Law UK Glossary 8-206-3987 (Approx. 3 pages)

Glossary

Pension Protection Fund Ombudsman levy

One of the levies that the Pension Protection Fund (PPF) may raise from defined benefit schemes that may be eligible to receive compensation if they meet certain entry conditions. Section 209 of the Pensions Act 2004 permits the PPF to raise a levy to meet the operating costs of the Pension Protection Fund Ombudsman (PPF).