DWP confirms general levy hike from April; Option one chosen
DWP confirms general levy hike from April; Option one chosen Smith: It is only fair that DB schemes pay the most as this is where most of the regulator’s energy is focused The Occupational and Personal Pension Schemes (General Levy) Regulations Review 2020, the DWP said option one was preferred as it would "better reflect the differing levels of attention devoted by the supervisory regime as against scheme type". At the same time, it said this option would preserve "the collective approach that underpins the current levy system", together with the inherent simplicity and operability of a l...