DWP proposes fraud compensation levy increase

The levy is paid by scheme members and funds the PPF-managed Fraud Compensation Fund

Holly Roach
clock • 2 min read
The consultation closes to responses on 10 December 2021
Image:

The consultation closes to responses on 10 December 2021

The Department for Work and Pensions (DWP) has proposed increasing the fraud compensation levy to 65p for master trust members and £1.80 for other scheme members.

In a consultation launched yesterday (1 November), the department proposed adjusting the fraud compensation levy ceiling for 2022 to 2023 and onwards. It said this will allow the levy rates to be r...

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Holly Roach
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Holly Roach

News Editor at Professional Pensions

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