Pensions Roundup

3 SEPTEMBER 2018

| 1 min read

Following on from the recent White Paper, the DWP has issued a consultation entitled “Protecting Defined Benefit Pension Schemes – A Stronger Pensions Regulator”.

The consultation, which closed on 21 August, sets out tPR’s proposals to improve its powers, including:

broadening the range of notifiable employer related events;
requiring employers to make a statement of intent to trustees (copied to tPR) before certain business transactions occur;
increasing maximum fines to £1 million for serious breaches, and creating additional criminal sanctions; and
making changes to the contribution notice and financial support direction regime

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