Mr. Gareth R. ThomasTo ask the Secretary of State for Social Security if he will make a statement on the general levies payable under the Pension Schemes Act 1993 by occupational and personal pension schemes. [76730]
§ Mr. TimmsThe general levy covers the costs of bodies which exist either to safeguard the rights of, or to provide information to, pension scheme members. These bodies are the Occupational Pensions Regulatory Authority (OPRA), the Pensions Advisory Service, the
£ Occupational pensions Personal pensions Scheme size (members) Basis Amount per member Minimum payment Amount per member Minimum payment 2–11 Each scheme —> 11 — 3.75 12–99 Member 1.20 — 0.35 — 100–999 Member 0.85 120 0.25 35 1,000–4,999 Member 0.69 850 0.20 250 5,000–9,999 Member 0.53 3,450 0.15 1,000 10,000+ Member 0.37 5,300 0.10 1,500