The Department for Work and Pensions has published a simplification plan, as part of the government's ‘Better Regulation' agenda, but has failed to include any further details of its rolling deregulatory review of pensions.
In the 58-page document, which the DWP says includes “proposals to reduce administrative burdens, and our other simplification proposals”, includes a section on the deregulatory review for personal pensions announced earlier this year along with proposals to reduce the overall administrative burden the DWP places on businesses, charities and the voluntary sector. The plan reveals in May 2005, after taking part in the Administrative Burdens Measurement Exercise (ABME), it was agreed the net cost of the administrative and regulatory burden the DWP was placing on businesses was around £471m ...
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