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

One third trust AI tools for pension guidance, says Scottish Widows

One third trust AI tools for pension guidance, says Scottish Widows

Provider says professional financial advice and AI insight can coexist

Alex Levy
clock 11 August 2026 • 2 min read
News Digest: Greens admit they are powerless to implement Israel pension fund divestment pledge

News Digest: Greens admit they are powerless to implement Israel pension fund divestment pledge

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 11 August 2026 • 1 min read
Buzz: Should the chancellor rule out changes to pension lump sums?

Buzz: Should the chancellor rule out changes to pension lump sums?

Autumn Budget, pensions dashboards and artificial intelligence

Professional Pensions
clock 10 August 2026 • 1 min read
Trustpilot