SPP voices 'significant' concern over DWP general levy consultation

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

Martin Richmond
clock • 2 min read
Jarvis: We are concerned this proposal will be punitive to small schemes
Image:

Jarvis: We are concerned this proposal will be punitive to small schemes

The Society of Pension Professionals (SPP) has voiced its concern over the proposed option in the Department for Work and Pensions’ (DWP) consultation on the general levy to charge small schemes an additional £10,000 fee.

The consultation - which was published last month and closes for comments next week (13 November) - sought industry views on proposed changes to the levy on occupational and personal pension scheme...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

News Digest: Pension perks replace PMI as most sought after workplace benefit

News Digest: Pension perks replace PMI as most sought after workplace benefit

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 08 January 2025 • 1 min read
L&G passes through integration testing with PDP

L&G passes through integration testing with PDP

‘First major pension provider’ to successfully pass through integration

Holly Roach
clock 07 January 2025 • 1 min read
Broadstone partners with PE firm on strategic growth agreement

Broadstone partners with PE firm on strategic growth agreement

Consultancy signs strategic growth investment agreement with private equity firm

Jasmine Urquhart
clock 07 January 2025 • 1 min read
Trustpilot