요약
The Pensions Act 2004 established The Pensions Regulator (TPR) and the Pension Protection Fund (PPF). TPR has powers to regulate occupational pension schemes, issue improvement and contribution notices, and take anti-avoidance action. The PPF provides compensation for members of eligible defined benefit schemes where the employer becomes insolvent and the scheme is underfunded.
핵심 포인트
- Establishment of The Pensions Regulator (Part 1)
- Pension Protection Fund for DB scheme members (Part 2)
- Contribution notices and financial support directions (ss.38, 43)
- Scheme funding requirements for DB schemes (Part 3)
- Whistleblowing duties on auditors and actuaries
편과 조
개정 이력
2021 — Pension Schemes Act 2021
Strengthened TPR's powers, introduced new criminal offences for avoidance of employer debt, and provisions for pensions dashboards.