Government consults on general levy rate hikes

Minister says there have been ‘persistent annual deficits’ and a growing levy debt

Holly Roach
clock • 2 min read
Government consults on general levy rate hikes

The Department for Work and Pensions (DWP) has launched a consultation seeking views on proposed changes to the general levy on occupational and personal pension schemes.

The general levy funds The Pensions Regulator, The Pensions Ombudsman and the pension-related activities of the Money and Pensions Service, all three of which receive grant-in-aid from the DWP, whi...

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

L&G and WTW gain FCA approval for private credit LTAF

L&G and WTW gain FCA approval for private credit LTAF

‘Risk-adjusted investment opportunities'

Cristian Angeloni
clock 28 August 2026 • 1 min read
Good News Corner: Hymans Robertson Foundation marks tenth anniversary

Good News Corner: Hymans Robertson Foundation marks tenth anniversary

Since 2016, the consultancy has given £1.9m in grants to support disadvantaged young people

Jonathan Stapleton
clock 28 August 2026 • 2 min read
Professional Pensions: Stories of the week

Professional Pensions: Stories of the week

Call for interim guidance on DC scale policy, DB surplus consultation response, scheme understanding of AI

Professional Pensions
clock 28 August 2026 • 1 min read
Trustpilot