The Occupational and Personal Pension Schemes (General Levy) review 2019
A consultation on the options to increase the levy rates which recover funding provided by DWP to 3 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 Department for Work and Pensions (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 DWP’s proposed options to raise the levy rates from April 2020.
This consultation is primarily aimed at occupational pension scheme trustees, personal pension providers and sponsoring employers of pension schemes. We also welcome comments from the wider public.