IRRV Alert - week ending 11th March 2022
News
Circulars
Consultations
Reports
Review of the Fraud Compensation Levy ceiling (10 March 2022)
Consultation outcome
Review of the Fraud Compensation Levy ceiling
- From:
- Department for Work and Pensions
- Published
- 1 November 2021
- Last updated
- 10 March 2022 — See all updates
Applies to England, Scotland and Wales
This consultation has concluded
Download the full outcome
Government response: review of the Fraud Compensation Levy ceiling 2021
HTML
Government response: review of the Fraud Compensation Levy ceiling 2021
PDF, 287 KB, 21 pages
The Occupational Pension Schemes (Fraud Compensation Levy) (Amendment) Regulations 2022
PDF, 139 KB, 2 pages
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Detail of outcome
The government published a summary of the comments received and its response to this consultation on 10 March 2022. It also published the final draft of the Occupational Pension Schemes (Fraud Compensation Levy)(Amendment) Regulations 2022.
The consultation response notes why it is considered necessary to increase the Fraud Compensation Levy (FCL) ceiling and explains the purpose of the proposal that the government brought forward.
Original consultation
Summary
This consultation concerns a proposed change to the Fraud Compensation Levy (FCL) ceiling for the levy year 2022 to 2023 onwards.
This consultation ran from
12:15pm on 1 November 2021 to 11:45pm on 10 December 2021
Consultation description
The purpose of this consultation is to seek views on a proposed change to the Fraud Compensation Levy (FCL) ceiling for the levy year 2022 to 2023 onwards.
A full description of the FCL, and the Fraud Compensation Fund (FCF) to which it relates, can be found in paragraph 12 of the consultation document.
The proposed change is outlined in paragraphs 25 to 29.
Documents
Consultation on the review of the Fraud Compensation Levy ceiling
HTML
Consultation on the review of the Fraud Compensation Levy ceiling
PDF, 564 KB, 11 pages
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Published 1 November 2021
Last updated 10 March 2022 + show all updates