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
to

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

Published 1 November 2021
Last updated 10 March 2022 + show all updates

  1. Added government response to the review of the Fraud Compensation Levy ceiling 2021 and the final draft of the Occupational Pension Schemes (Fraud Compensation Levy)(Amendment) Regulations 2022.

  2. First published.