Help with the PPF levy

The security of PPF comes at a price

The Pension Protection Fund (PPF) has proven invaluable in making pension scheme members more secure. But this security comes at a price, one that is ultimately born by the sponsoring employer. Because PPF levies can form a substantial part of an employer’s total pension spend, it makes sense to minimise the amount payable, and to get timely alerts of forthcoming increases.

We can help you save money by:

  • Checking that the PPF is applying the right scorecard
  • Making small changes to your company structure
  • Certifying deficit contributions
  • Carrying out bespoke stress tests
  • Introducing a contingent asset or guarantee
  • Simply checking the PPF levy calculation is correct.
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To make sure there are no unwelcome surprises we can also:

  • Monitor your Experian score
  • Estimate your PPF levy as legislation and levy factors change
  • Carry out some sensitivity testing to show the impact of key changes, such as your Experian score.

Why choose First Actuarial?

When it comes to saving our clients money, we’ve got a great track record.  

We work well with the PPF – we know their appeals procedure, and we understand the kind of problems many clients experience with Experian. We can usually identify issues quickly and discuss them informally with Experian or the PPF. Sometimes, we still have to go through formal appeal processes, but we do so knowing what the result will be.

We offer great value for money. We can often work on a fixed fee, having estimated the potential savings. This means that before we start work you know that we’ll save you money.

Get in touch

Get in touch with one of our PPF levy specialists to discuss how we can help you

One of the things I like about First Actuarial is that they’re very responsive. You never have to chase them for anything. They’re pragmatic and cost-effective.

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First Actuarial case studies

The Kennel Club

Concerned about the risk of an Employer contribution increase as a result of high liabilities, Trustees of the Kennel Club Pension Fund turned to First Actuarial.

“They’re extremely professional and helpful. Their input always seems sound, logical and well presented. First Actuarial handled the transition well, they provide us with helpful guidance, and have delivered what they promised when they pitched for the work.”

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Royal Mail

The Communication Workers Union (CWU) enlisted the help of First Actuarial when Royal Mail proposed replacing its Defined Benefit pension fund with individual Defined Contribution arrangements.

“I can’t speak highly enough about First Actuarial – their people have been brilliant. The journey has been inspirational, nothing but a positive experience.”

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SBAC

As a result of an unusual clause in their trust deeds, Trustees of the pension scheme sponsored by the Society of British Aerospace Companies (SBAC) funded their liabilities on a buy-out basis.

“First Actuarial are very proactive. They respond quickly and get things done. They have proved to be competent and conscientious, and have a very professional and personable approach to business relations.”

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