general levy

Sector raises concern over the impact of the government’s proposals on master trusts

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

Government decides to proceed with option 2, a rise of 6.5% across all scheme categories

Lifeboat fund said 99% of DB schemes are expected to pay less levy as a result

Option 3 proposed imposing a £10,000 additional charge on smaller schemes

PP’s regular columnist says the regulatory budget needs halving not doubling

APPT says option 3 could be appropriate while ACA says it is ‘exceptionally harsh’

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

DWP’s preferred option will hit smaller DC and DB schemes disproportionately

Move comes in bid to plug expected deficit of £205m and to fund increasing activity