Hogan Lovells

Key Dates

Pension Schemes Bill published on 15 October 2019.


Summary

The Pension Schemes Bill 2019 was introduced in the House of Lords on 15 October 2019. Part 3 contains provisions concerning powers of the Pensions Regulator (tPR).

Contribution Notices (CNs)

A new "employer insolvency test" and an "employer resources test" will be introduced. In addition to the existing circumstances in which a CN may be issued, tPR will be able to issue a CN where it is of the opinion that either of the new tests is met in relation to the act or failure to act.

Employer insolvency test

Employer insolvency test: defence

Employer resources test

Employer resources test: defence

Reasonableness of issuing a CN

Other amendments affecting CNs

Codes of practice



Date Accessed: 28/05/2022