Response to the DWP’s Occupational and Personal Pension Schemes (General Levy) Regulations review 2023

Enhance has responded to the General Levy review, in particular focusing on the proposed ‘Additional Premium’ option that will impact on small schemes, which as the review is currently framed, seems to include Small Self Administered Schemes (“SSAS”). Our response outlines why we believe the proposed premium of £10,000 is disproportionate to SSAS, especially when out of all the pension scheme types that use the resources that the levy pays for (The Pensions Regulator, The Pensions Ombudsman and MaPS), SSASs impact on these services the least.

The full response can be downloaded here