Impact assessment opinion: Introduction of permissive legislative framework for Defined Ambition pension schemes and removal of statutory indexation for existing Defined Benefit schemes
Evaluation of the Department for Work and Pensions impact assessment for Introduction of permissive legislative framework for Defined Ambition pension schemes and removal of statutory indexation for existing Defined Benefit schemes
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Following scrutiny of an impact assessment (IA) carried out prior to a regulatory proposal, the RPC provides an ‘opinion’ on the quality of analysis and evidence presented in the IA. This opinion then informs the decisions of ministers as to whether they proceed or not with the proposal.