The ocupational and personal pension scheme regulations 2017
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The ocupational and personal pension scheme regulations 2017

The PLSA has responded to the Occupational and Personal Pensions Schemes (General Levy) (Amendment) Regulations 2017. Our response reflects a broad agreement with the third option outlined in the paper, as it will effectively address the disproportionate burden placed on members of large schemes. The response references the impact that automatic enrolment has had on the number of scheme members and the size of their pots.

The third option suggested in the document was:

  • Reducing the levy rate for very large schemes from £0.86 to £0.65
  • Freezing the levy rate for remaining schemes

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