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
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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...

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