CS1039 C - ACS Risk Methodology

The PPF are seeking to review the methodology used to calculate levies for Alternative Covenant Schemes (ACSs). This will be a two-stage process, namely: 1. an interim review to determine appropriate changes for levy year 2027/28, particularly in light of the introduction of indexation on PPF compensation tranches which relate to pre 97 service (‘pre 97 indexation’); and 2. a more fundamental review to determine the approach for levy year 2028/29 onwards.