On 19 September 2018, the PPF published a consultation document setting out proposals for the 2019/20 levy year.
 
The PPF estimates to collect £500 million in 2019/20, down from £550 million in 2018/19. The PPF believes that changes introduced in 2018/19 as part of the more substantial triennial review of the levy are operating well, hence only minor adjustments are proposed for 2019/20.
 
The levy scaling factor and scheme-based levy multiplier are proposed to remain the same. The consultation document proposes changes/seeks views in the following areas:

• Levies for commercial consolidators – the PPF propose to use the existing methodology for schemes without a substantive sponsor (SWOSS) as a basis, adjusted to ensure it reflects the particular risks posed by consolidators.
• Contingent asset recertification – the PPF sets out proposals that certain types of contingent assets need to be re-executed before 31 March 2019, enabling them to be recognised for the 2019/20 levy year.
• Improving customer service – the PPF seeks views on how to improve their customer service, including how to help the levy payers to plan for and pay the levy.

The consultation closed on 25 October 2018 and the consultation outcome was announced on 12 December 2018. The above points were confirmed.
 
Although the headline is that the level of PPF levy to be collected has decreased, there has also been a reduction in the overall number of levy paying DB schemes.