Occupational and Personal Pension Schemes (Levies - Amendment) Regulations 2012 come into force
Implementation date: 1 April 2012
The Regulations set out the new figures for calculating the rate at which the general levy is payable by occupational and personal pension schemes to meet the running costs of the Pensions Regulator, the Pensions Advisory Service, and the Pensions Ombudsman. They also set out the new figures for calculating the rate at which the administration levy is payable by occupational pension schemes to meet the costs of the Board of the Pension Protection Fund. The Regulations can be viewed on the UK legislation website.