Summary
The Department for Work and Pensions has published a consultation on the proposed changes to the structure and rates of the General Levy on occupational and personal pension schemes for the period from April 2027 to March 2030.
Consultation description
The author for this consultation is the Department for Work and Pensions. As such, all consultation information and related documents can be found at The Occupational and Personal Pension Schemes (General Levy) Regulations review 2026 - GOV.UK
This consultation sets out proposals to reform the General Levy, which funds the system of regulation, oversight, and protection for the UK’s private pensions market.
It is primarily aimed at those who pay or are otherwise affected by the General Levy, including trustees of occupational pension schemes, sponsoring employers, personal pension providers, and pensions industry bodies.
In general, Northern Ireland’s pensions policy and legislation operates in line with Great Britain, and there is, in effect, a single pensions system across the UK. Additionally, the Pensions Regulator, the pensions guidance function of the Money and Pensions Service and the Pensions Ombudsman operate UK wide. It is anticipated therefore that any legislative changes will also be introduced here, subject to the necessary Ministerial, Executive and Assembly approvals.