Pensions paperwork
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PPF limits protection levy to what it collects in 2012

The Pension Protection Fund has unveiled its levy for 2013-14 as £630m, which is lower than the expected increase.

The bailout scheme for pensions that have lost their sponsoring employer expects the same amount to be collected for the 2012-13 levy year.

5 live'sWake Up To Money asked Martin Clarke, the Director of Financial Risk at the PPF, to explain the levy.

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  • 25 Sep 2012