DWP proposes hiked general levy over three years; DB costs to more than double

James Phillips
clock • 4 min read

The Department for Work and Pensions (DWP) has launched a consultation on the future of the general levy, seeking to close a potential £230m funding gap if rates remain unchanged.

The government has set out three options for the future framework for the levy - which funds The Pensions Regulator (TPR), The Pensions Ombudsman (TPO), and the Money and Pensions Service (Maps) - ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

GAD unveils factors guidance hub for public sector scheme administrators

GAD unveils factors guidance hub for public sector scheme administrators

Hub brings factors and guidance together in a standardised and consistent way

Jonathan Stapleton
clock 16 March 2026 • 2 min read
'Sludge practices' and 'misuse' of anti-scam rules blamed for transfer delays

'Sludge practices' and 'misuse' of anti-scam rules blamed for transfer delays

Coalition of platform providers calls for fundamental reform of the system

Jonathan Stapleton
clock 13 March 2026 • 3 min read
Lords move to increase salary sacrifice cap to £5,000 'a pragmatic step'

Lords move to increase salary sacrifice cap to £5,000 'a pragmatic step'

Amendments will reduce or remove the impact of changes to salary sacrifice for most savers

Jonathan Stapleton
clock 12 March 2026 • 4 min read
Trustpilot