The PPF has issued its 2019/20 levy determination. We summarise in our communication the key areas of change, along with a note of the various levy deadlines. Certain contingent assets will need to be re-executed if they are to continue to qualify as a levy reduction measure. Prompt action is recommended, in particular, in relation to the re-execution of Type B contingent assets (security over property/assets). Action should be taken during February to ensure that trustees are in a position to re-certify contingent assets, where required, and complete all necessary formalities before midnight on 31 March.
If you have any queries, please get in touch with your usual contact in our Pensions team.