IRRV Alert - week ending 19th May 2023
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Automatic enrolment: Alternative quality requirements for defined benefits and hybrid schemes being used as a workplace pension (15 May 2023)
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Automatic enrolment: Alternative quality requirements for defined benefits and hybrid schemes being used as a workplace pension
- From:
- Department for Work and Pensions
- Published
- 15 May 2023
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Applies to England, Scotland and Wales
Summary
This call for evidence is aimed at employers, employee representatives and pension industry professionals, including scheme administrators, actuaries, independent financial advisers and employee benefit consultants.
This consultation closes at
11:45pm on 19 June 2023
Consultation description
Regulations made under Section 23A(1) set out the alternative quality requirement for defined benefit pension schemes that are used for automatic enrolment. The requirements allow for simpler alternative tests to be used so that a scheme can demonstrate that it is of sufficient quality to be used by employers to fulfil their automatic enrolment duties.
This call for evidence aims to ascertain whether the government’s policy intentions in this area are continuing to be being achieved. In particular it looks at how the simplifications and flexibilities work in practice, and whether any new issues have arisen since the last triennial review in 2020.
Documents
Automatic enrolment: Alternative quality requirements for defined benefits and hybrid schemes being used as a workplace pension
HTML
Automatic enrolment: Alternative quality requirements for defined benefits and hybrid schemes being used as a workplace pension
PDF, 307 KB, 12 pages
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Ways to respond
Email to:
caxtonhouse.automaticenrolmentconsultation@dwp.gov.uk
Write to:
Department for Work and Pensions
Automatic Enrolment Policy Team
2nd Floor, Zone A
Caxton House
6-12 Tothill Street
London SW1H 9NA
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Published 15 May 2023