The Pension Protection Fund (PPF) has confirmed that the PPF levy will remain at zero for the 2026/27 levy year

The PPF had already outlined its intention to set a zero levy when it consulted on the 2026/27 levy in November, which was dependent on the passage of measures in the Pension Schemes Bill (“the Bill”). The PPF Board has now said that it was reassured by amendments made to the Bill, which will enable the PPF to cover its operating costs from the main PPF fund. The policy statement and final rules for the 2026/27 levy will be published in March; meanwhile, the PPF has issued a FAQ document on their website: https://www.ppf.co.uk/news/weve-confirmed-zero-levy-2627.

Helen Chivers, Actuary at HPW, says: “The announcement of a zero levy for the 2026/27 levy year means that trustees and sponsors can focus more on member outcomes and long-term planning, rather than immediate cost pressures.”