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The Pension Protection Fund (PPF) has launched a consultation on levy rules for 2022/23, with a strong funding position and stable levy rules resulting in a £105m fall in the levy estimate to £415m.

The consultation, which is open until 9 November, revealed that 82 per cent of schemes that pay a risk-based levy are expected to see a reduction, as the PPF's funding position will allow the levy rules to remain stable and the levy methodology to remain unchanged

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