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CBI comments on Pension Protection Fund levy estimate

The CBI today commented on the Pension Protection Fund’s (PPF) announcement of a £695m levy estimate for 2014/15.

Neil Carberry, Director for Employment and Skills, said:

“Over the past two years, the PPF has done what it can to delay this rise, so that businesses are in a better position to cope with it.  

“While the estimate has risen by 10%, if current stronger markets continue, pension schemes’ funding will improve by the time the levy is due. This would result in a lower rise than the estimate suggests.”

Notes to Editors

The CBI is the UK's leading business organisation, speaking for some 240,000 businesses that together employ around a third of the private sector workforce. With offices across the UK as well as representation in Brussels, Washington, Beijing and Delhi the CBI communicates the British business voice around the world.

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