SPP advocates for 'fairness' and 'transparency' in general levy consultation response

Society urges DWP to provide increased transparency in how levy funds are spent

Martin Richmond
clock • 2 min read
Madalena Cain: Any changes to the general levy must be fair, proportionate, and transparent
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Madalena Cain: Any changes to the general levy must be fair, proportionate, and transparent

The Society of Pension Professionals (SPP) has published its response to the Department for Work and Pensions’ (DWP) consultation on the general levy on occupational and personal pension schemes.

The consultation, launched last month, sets out proposed changes to the structure and rates of the general levy. It proposes increasing the levy and said maintaining the 6.5% annual increase, which...

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