Pensions Roundup

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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Every piece of content we create is correct on the date it’s published but please don’t rely on it as legal advice. If you’d like to speak to us about your own legal requirements, please contact one of our expert lawyers.

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