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New powers
for The Pensions Regulator

Our viewpoint

The Pension Schemes Act 2021 is about to become law. A key aspect of the new law is significantly increased powers for TPR to impose penalties and “contribution notices” on companies and directors.

There are also new criminal offences that can be used against directors, trustees and others. Watch our on-demand webinar where we provide an overview of the new powers and their implications for DB scheme sponsors and trustees.

The session is chaired by Jonathan Camfield of LCP, joined by guest speaker Rosalind Connor of Arc Pensions Law and LCP Principal Laura Amin.

Duration

1 hour (including Q&A)

Watch our on-demand webinar

What do you think the biggest impact of the Pensions Regulator's new powers might be?

We wanted to know what our audience thought the biggest impact of TPR's new powers might be, and if that changed after they learned more during our webinar. The charts below show whilst most people were concerned with more applications for Clearance at both the start and the end, there was a significant increase in worries about paperwork and decrease in concern about criminal convictions. Find out why they came to those conclusions by watching our webinar.

 

The poll at the start:

0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Criminal convictions under the new offences More cash and protections given to pension schemes More applications for Clearance to the Pensions Regulator More fines being issued by the Pensions Regulator More paperwork for sponsors Less interest in being a Member Nominated Trustee No real impact What will be the biggest impact of the Pensions Regulator's new powers?
0% 10% 20% 30% 40% 50% 60% 70% 80% Criminal convictions under the new offences More cash and protections given to pension schemes More applications for Clearance to the Pensions Regulator More fines being issued by the Pensions Regulator More paperwork for sponsors Less interest in being a Member Nominated Trustee No real impact What will be the biggest impact of the Pensions Regulator's new powers?

 

Duration

1 hour (including Q&A)

Watch our on-demand webinar

Further resources:

Pension Schemes Act

Pension Schemes Act

Insight hub

Keep up-to-date with the Pension Schemes Act and TPR's funding consultation. What does this mean for sponsors and trustees?

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