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Companies are being urged to check their risk rating to ensure that they are not contributing too much to the new pension protection fund (PPF).

Companies are being urged to check their risk rating to ensure that they are not contributing too much to the new pension protection fund (PPF).

The annual risk levy is based on a "risk of failure" score, according to pension consultancy Entegria, but some firms could make a significant reduction in their contributions if they honour outstanding county court judgments. Entegria cited one case in which a company that resolved two judgments for 760 [pounds sterling] and 114 [pounds sterling] cut its risk-based PPF levy by over 100,000 [pounds sterling].
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Publication:Financial Management (UK)
Article Type:Brief article
Geographic Code:4EUUK
Date:Sep 1, 2006
Words:91
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