First Briefing, February 2025: PPF levy cut by over 50%

The Pension Protection Fund (PPF) plans to cut its levy by over 50%, as confirmed in its final rules for the 2025/26 levy year. It may even be the case that the PPF will collect no levy at all in 2025/26. In this briefing, we summarise key changes to the levy rules.

First Actuarial case studies

Usdaw

Trade union Usdaw selected First Actuarial to transform its scheme administration, resulting in improved quality and time-cost savings.

Southern Co-op

First Actuarial's fiduciary management consultants guided the trustees of Southern Co-op through their provider review, delivering fee savings.

Oil and Gas Industry

Oil and gas company DB scheme wind-up resulted in generous transfers for members and £3m surplus for employer, with First Actuarial’s help.