2014-15 levy
The PPF has announced that the levy for 2014-15 will be calculated using the same rules as for 2013-14. This is expected to lead to an increase of about 10% in levy bills, because of lower Gilt yields being used in the valuation of schemes’ protected liabilities.
Insolvency risk provider
After a competitive tender process, the PPF has decided to replace Dun & Bradstreet, which has provided insolvency measurement to the PPF since 2005, by Experian. There will be a handover period initially, meaning that Experian scores will not be used in the levy calculation until 2015/16.
While many have complained about the failure scores awarded them by Dun & Bradstreet, those organisations that have worked hard to understand – and manage – the factors that affect their D&B score will now have to return to square one with Experian.