PPF could charge schemes £162m too much

The Pension Protection Fund, the safety net for UK defined benefit retirement schemes, could charge these funds £162m (€205m) more than necessary because of a controversial assumption in its latest calculations, according to consultants.

The fund charges UK pension schemes annual levies, which go towards helping members of pension schemes that fold. This year, the fund is aiming to raise £675m, up from £575m last year and £300m in 2006.

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