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UK's Pension Protection Fund scraps 2025-26 levy amid pension bill progress

( September 23, 2025, 15:17 GMT | Official Statement) -- MLex Summary: The UK's Pension Protection Fund has scrapped its levy for this year and said it will save £45 million for UK defined benefit pension schemes. The fund protects people with a defined benefit pension when an employer becomes insolvent. The move comes as the Pension Schemes Bill — currently being scrutinized in Parliament and expected to become law next year — introduces more flexibility, enabling the fund to move to a zero levy while preserving its ability to reinstate the levy in future if needed.Statement follows....

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