Legal Updates

The controversial Pension Schemes Act 2021 (the Act) has now received Royal Assent and it is anticipated that certain criminal offences under the Act will become law by the autumn*. The controversy surrounding the Act centres on a number of wide-ranging measures with potential criminal liability which strengthen the powers of the Pensions Regulator (TPR) in relation to defined benefit pension schemes (DB Schemes). The Act also brings parties such as lenders, contractual counterparties and professional advisers into the regulatory spotlight for the first time.

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The information provided is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to.
Readers should take legal advice before applying it to specific issues or transactions.

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