Consultation outcome

The Occupational and Personal Pension Schemes (General Levy) regulations review 2020

From:: Department for Work and Pensions
Published: 16 December 2020
Last updated: 4 March 2021 — See all updates

Applies to England, Scotland and Wales

Read the full outcome

Government response: The Occupational and Personal Pension Schemes (General Levy) regulations review 2020

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Government response: The Occupational and Personal Pension Schemes (General Levy) regulations review 2020

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Detail of outcome

The government response provides a summary of the responses received to the consultation.

Following consideration of these comments, the government decided to proceed with the preferred option (option 1 in the consultation document).

The Occupational and Personal Pension Schemes (General Levy) (Amendment) Regulations 2021 (S.I. 2021 No. 214) have been made and laid in both Houses of Parliament.

Original consultation

Consultation description

The general levy on occupational and personal pension schemes recovers the funding provided by the DWP in respect of the core activities of The Pensions Regulator, the activities of The Pensions Ombudsman and part of the activities of the Money and Pensions Service.

This consultation seeks views on the governments proposed options for change to the structure and rates of the General Levy from April 2021, 2022 and 2023.

This consultation is primarily aimed at occupational pension scheme trustees, sponsoring employers of pension schemes and personal pension provider. We also welcome comments from the wider public.

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