Master trusts liable for quarter of general levy costs despite holding only 2% of funds

Holly Roach
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TPP said one of the DWP’s four proposals to raise the levy would see its bill rise by 245% over three years
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TPP said one of the DWP’s four proposals to raise the levy would see its bill rise by 245% over three years

Ten master trusts will pay at least 25% of the total general levy despite holding just 2% of assets, according to The People’s Pension (TPP).

The levy is set by the Department for Work and Pensions (DWP) and is in place to cover the cost of running The Pensions Regulator, The Pensions Ombudsman, and part of the activities of the Money and Pensions...

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