DWP proposes fraud compensation levy increase

The levy is paid by scheme members and funds the PPF-managed Fraud Compensation Fund

Holly Roach
clock • 2 min read
The consultation closes to responses on 10 December 2021
Image:

The consultation closes to responses on 10 December 2021

The Department for Work and Pensions (DWP) has proposed increasing the fraud compensation levy to 65p for master trust members and £1.80 for other scheme members.

In a consultation launched yesterday (1 November), the department proposed adjusting the fraud compensation levy ceiling for 2022 to 2023 and onwards. It said this will allow the levy rates to be r...

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

More on Industry

Pensions UK and ABI launch 2026 Pension Attention campaign

Pensions UK and ABI launch 2026 Pension Attention campaign

The campaign uses guidance and a video to urge people to ‘grow your pension’

Holly Roach
clock 04 September 2026 • 1 min read
Good News Corner: Quantum announces winner of 2026 maths prize

Good News Corner: Quantum announces winner of 2026 maths prize

Ciara Moody won the accolade for her work exploring the concept of affine spaces

Jonathan Stapleton
clock 04 September 2026 • 2 min read
People Moves: Week ending Friday 4 September 2026

People Moves: Week ending Friday 4 September 2026

PP brings together all the appointments in the pensions industry over the past week

Professional Pensions
clock 04 September 2026 • 9 min read
Trustpilot