To ask the Secretary of State for Work and Pensions what representations he has received on the financial impact on participating companies of the Pension Protection Fund; and if he will make a statement. (210760)

I receive representations about the financial impact of the Pension Protection Fund on a routine basis.

The calculation of the pension protection levy is a matter for the board of the PPF under section 175 of the Pensions Act 2004, subject to the limits set by Parliament. PPF is currently seeking to collect £675 million for 2008-09 within a ceiling of £833,410,200. The board has decided that for 2008-09 no bill should exceed one per cent. of liabilities (a reduction from 1.25 per cent. for the previous year).