UK. TPR publishes consolidated enforcement powers
The Pensions Regulator has published its new enforcement policy, which contains new powers awarded in the Pension Schemes Act 2021, and replaces and consolidates compliance and enforcement policies governing defined benefit, defined contribution and public sector pension schemes. Amid a raft of announcements, TPR also published responses to a consultation issued after the PSA 2021, which came into force in order to provide clarity on how the watchdog intends to use its new powers. “Feedback from stakeholders also highlighted a need...
