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United Kingdom: Tougher UK Pensions Regulator powers a step closer as the Pension Schemes Bill completes parliamentary stages

The Pension Schemes Bill ("Bill") has completed all its parliamentary stages and its provisions are now final. A date for royal assent (the point at which it will become law) is still awaited. The Bill will make important changes to the UK pensions landscape in a number of areas and will be relevant to sponsoring employers and trustees of both defined benefit (DB) and defined contribution (DC) schemes. Certain aspects of the Bill will have wider implications outside the day-to-day operation of pension schemes, such as the increased powers that will be given to the UK Pensions Regulator ("Regulator"), which include the introduction of new criminal penalties. ....

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