General levy proposal to set 'punitive premium trap' for small schemes

DWP’s preferred option will hit smaller DC and DB schemes disproportionately

Jonathan Stapleton
clock • 3 min read
David Hamilton: The proposals are poorly targeted and the figures simply do not add up
Image:

David Hamilton: The proposals are poorly targeted and the figures simply do not add up

The Department for Work and Pensions (DWP) proposal on the general levy will yet again target smaller schemes out for unfair treatment, Broadstone says.

The consultancy's comments come as the DWP went out to consultation on further proposed changes to the general levy last week in a bid to plug an anticipated deficit of £205m and to fund increasing...

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 Law and Regulation

DWP launches consultation on implementing small pots default consolidator solution

DWP launches consultation on implementing small pots default consolidator solution

Government aims to have small pot consolidation operational from 2030

Jonathan Stapleton
clock 15 September 2026 • 2 min read
Pensions UK: Schemes should not be asked to keep paying for a broken levy

Pensions UK: Schemes should not be asked to keep paying for a broken levy

Zoe Alexander says general levy proposals impose unfair costs on schemes

Zoe Alexander
clock 15 September 2026 • 5 min read
AI data regulations should include pension perspective, says Zedra

AI data regulations should include pension perspective, says Zedra

Data regulation should clarify accountability and governance for trustees

Alex Levy
clock 14 September 2026 • 1 min read
Trustpilot