Contribution Notice News Today

Traditionally, the Pensions Regulator's (tPR) powers have not extended to banks and other lenders who make loans to corporate sponsors of defined benefit (DB) schemes. It has been up to...

The Pensions Regulator (TPR) has issued a contribution notice (CN) for more than £2 million against a former overseas parent company and has reached a settlement with the ex-chief executive for £130,000.

Employers could be “left guessing” after The Pensions Regulator (TPR) “failed to expand the clearance process” for key business decisions, according to Lane Clark & Peacock (LCP).

The Pension Schemes Act 2021 (Act), which came into force on 11 February 2021, introduced new criminal offences to bolster the Pensions Regulator's moral hazard regime. Most notably, it...

To embed, copy and paste the code into your website or blog: Welcome to your weekly update from the Allen & Overy Pensions team, covering all the latest legal and regulatory developments in the world of occupational pensions. This week we cover topics including: PSA21: response to consultation on employer resources test and information powers; TPR publishes 2021 Annual Funding Statement analysis; PASA: Counter fraud guidance; Data transfers: UK adequacy decision adopted; and HMRC newsletter 130...

2021-05-04T16:49:00+01:00 The Pensions Regulator’s new powers includes the right to enter some premises as a result of people continuing to work from home. Specialist pensions lawyers Anne-Marie Winton and Danyal Enver, Arc Pensions Law, share their advice on how you can prepare. Under current UK pensions legislation, the Pensions Regulator can have the power to enter private homes used by, or by the permission of, the occupier for the purposes of trade or business. The existing provisi...

Lock ‘em up? The Pensions Regulator’s new criminal powers From 1 October 2021, The Pensions Regulator (TPR) will have new criminal powers to bolster its anti-avoidance arsenal, but what does it really mean for those involved with the running of pension schemes? The new powers allow TPR to investigate and prosecute any person who avoids an employer debt, anyone who does (or doesn’t do) something which would prevent pension scheme members from receiving their benefits in full, and anyone wh...

Friday, January 22, 2021 It has been a long and tortuous process, but the pension schemes bill has finally completed its passage through parliament and we just await the formality of Royal Assent before we have the Pension Schemes Act 2021 (the Act). Well done to Pensions Minister, Guy Opperman, for (almost) achieving his goal to pass this legislation in 2020 – not an easy task when parliament has been diverted by COVID-19 and Brexit. I will start with a few comments on the most pu...