Article preview: One of the costs incurred by pension schemes is an annual levy to pay for various items via the Department for Work and Pensions (DWP). This annual levy recovers funding for the core activities of The Pensions Regulator (TPR), the activities of The Pensions Ombudsman (TPO) and part of the activities of the Money and Pensions Service (previously known as the Pensions Advisory Service). A levy on active pension schemes funds the cost of providing these services. That levy is set to rise next year, following a new consultation.
Pension schemes face higher levy costs
This 528-word blog post explains a new consultation from the Department for Work and Pensions which looks set to increase the general levy on pension schemes from next April. Written on 20th October 2019.
Your purchase gives you rights to publish this blog post on your IFA, financial planner or wealth manager website blog, news or insights page, along with access to the text of the blog post to copy and paste into your blog. You can publish this blog as written or edit it before publishing, and you can post it under your name.