New Quick Poll: Opinions on lowering the default charge cap on DC workplace pension schemes 5 August 2020
The Department for Work and Pensions (DWP) has launched a call for evidence, which seeks views and feedback on the effect of the level of the pension charge cap, which currently stands at 0.75% of funds within Defined Contribution (DC) pension schemes used for Automatic Enrolment (AE).
The charge cap is a limit to the annual amount that a pension scheme can charge its members who are saving into it. The cap is applicable to all scheme administration and investment costs.
Upon reflection of this, the CIPP’s Policy and Research team wanted to ask members their views on the matter, so currently there is a Quick Poll question, which asks:
“Do you agree with the government's proposals to lower the default charge fund cap on DC workplace pension schemes?”
We understand that, particularly at present, payroll professionals are extremely busy individuals, but the Quick Poll will take less than a minute to respond to.
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Reminder – survey on the Apprenticeship Levy 10 August 2020
With the Chancellor of the Exchequer, Rishi Sunak, announcing at the Summer Budget additional incentives for employers to take on apprentices, the policy and research team are keen to know how employers are, if at all, using their levy funding and if with the additional incentive, are considering utilising funds.
To gather an insight, the team have put together a short survey, asking employers several questions on the subject.
Thank you to those who have so far completed the survey, we really do appreciate your input at such a busy time. This short survey, which takes around five minutes to complete, will present valuable information to the team and its findings will be distributed via the CIPP media channels. It is still available for you to complete. The policy and research team thank you in advance.
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New Quick Poll: Are you planning to use the Job Retention Bonus? 13 August 2020
The Coronavirus Job Retention Scheme (CJRS) will close at the end of October 2020, and businesses will be beginning to think about bringing more employees back to work on a full-time basis. In light of this, the CIPP’s Policy and Research team wanted to ask how many businesses were intending on accessing the Job Retention Bonus. The team has added a new Quick Poll to the News Online page, and would like members to respond, where possible. We understand that payroll professionals are extremely busy individuals at the moment, but the Poll should take less than a minute to respond to, and we would really appreciate any feedback that we receive.
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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