The Pension Protection Fund (PPF) published its levy proposals today, 16 December 2005. Two financial experts who specialise in pensions, Anthony Neuberger (Warwick Business School, University of Warwick) and David McCarthy (Tanaka Business School, Imperial College) have responded with criticism to the levy proposals put out by the Pension Protection Fund (PPF). The proposals were contained in a Consultation Document in July 2005, setting out the structure of the levy. Their criticisms are detailed in a paper published in the current issue of Fiscal Studies.