Hogan Lovells

Key Dates

The Pension Schemes Bill was introduced in the House of Lords on 15 October 2019. 


Summary

The Pension Schemes Bill was introduced in the House of Lords on 15 October 2019. Part 3 of the Bill includes new offences and penalties in relation to pension schemes.

Failure to comply with a contribution notice: new offence and new civil financial penalty

Avoidance of employer debt: new offence (section 58A) (see also new financial penalties under section 58C)

Conduct risking accrued scheme benefits: new offence (section 58B) (see also the new financial penalty under section 58D)

Avoidance of employer debt: new financial penalties (section 58C) (see also the new offence under section 58A)

Conduct risking accrued scheme benefits: new financial penalties (section 58D) (see also the new offence under section 58B)

Sections 88A to 88C: financial penalties



Date Accessed: 03/12/2021