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Considerations for
trustees in light of new powers for The Pensions Regulator

Publications

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The Pension Schemes Act 2021 significantly increases The Pensions Regulator’s powers with the introduction of two new criminal offences, as well as new investigatory and interview powers. 

Trustees will increasingly need to monitor, analyse, and engage with the sponsor on a wider range of business activities which may be in scope of the new contribution notices.

Trustees will need to engage early with the sponsor on any such activity and take advice where appropriate to avoid falling foul of the new regime as the penalties can be severe, including £1m fines and up to seven years in jail.

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We look at:

  • How might pension trustees respond in light of the new legislation?
  • Examples of corporate activity that trustees should monitor for
  • How should trustees monitor?
  • New interview and inspection powers

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Pension Schemes Act

Pension Schemes Act

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Keep up-to-date with the Pension Schemes Act and TPR's funding consultation. What does this mean for sponsors and trustees?

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