The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2015 No. 66

Statutory Instruments

2015 No. 66

Pensions

The Pension Protection Fund and Occupational Pension Schemes (Levy Ceiling) Order 2015

Made

26th January 2015

Laid before Parliament

2nd February 2015

Coming into force in accordance with article 1(2)

The Secretary of State for Work and Pensions makes the following Order in exercise of the powers conferred by sections 178(1) and (6) and 315(2) and (5) of the Pensions Act 2004 M1 .

In accordance with section 178(5) of that Act, the Secretary of State has reviewed the general level of earnings obtaining in Great Britain during the period of 12 months ending with 31st July 2014. It appears to the Secretary of State that the general level of earnings has increased by 0.6% during that period.

Marginal Citations

M1 2004 c. 35. See also S.I. 2014/10 which sets the levy ceiling for the financial year beginning on 1st April 2014.