SPP voices 'significant' concern over DWP general levy consultation

Society outlines worry over option to charge small schemes a ‘punitive’ £10,000 fee

Martin Richmond
clock • 2 min read
Jarvis: We are concerned this proposal will be punitive to small schemes
Image:

Jarvis: We are concerned this proposal will be punitive to small schemes

The Society of Pension Professionals (SPP) has voiced its concern over the proposed option in the Department for Work and Pensions’ (DWP) consultation on the general levy to charge small schemes an additional £10,000 fee.

The consultation - which was published last month and closes for comments next week (13 November) - sought industry views on proposed changes to the levy on occupational and personal pension scheme...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Good News Corner: Rothesay Foundation partners with Clarion Futures

Good News Corner: Rothesay Foundation partners with Clarion Futures

Rothesay Foundation makes £315,000 donation to improve quality of life for elders in the UK

Martin Richmond
clock 23 February 2024 • 2 min read
First' Actuarial's Hilary Salt to retire

First' Actuarial's Hilary Salt to retire

Founding partner to retire after more than 40 years in pensions and actuarial work

Jasmine Urquhart
clock 23 February 2024 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Isio results, TPR restructure, ABI forum and WPC fiduciary duty session

Professional Pensions
clock 23 February 2024 • 1 min read
Trustpilot