The Occupational and Personal Pension Schemes (General Levy) regulations review 2020
A consultation on the options to increase the levy rates which recover funding provided by the Department for Work and Pensions (DWP) to three arm's length bodies in respect of pension protection and guidance.
The general levy on occupational and personal pension schemes recovers the funding provided by the DWP in respect of the core activities of The Pensions Regulator, the activities of The Pensions Ombudsman and part of the activities of the Money and Pensions Service.
This consultation seeks views on the governments proposed options for change to the structure and rates of the General Levy from April 2021, 2022 and 2023.
This consultation is primarily aimed at occupational pension scheme trustees, sponsoring employers of pension schemes and personal pension provider. We also welcome comments from the wider public.