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Pension managers criticise PPF levy
The Pension Protection Fund (PPF) levy has been roundly attacked by pension fund managers in a report from Ignis Asset Management.
According to Sharing the Pensions Challenge, the policy was attacked by pension managers because the levy acts as a “drain on the resources of pensions” and places a heavy administrative burden on schemes.
One manager from the retail sector commented: “The PPF levy…is a big drain on the fund. If the government could provide this in a different way it would be helpful.”