Practical ways for corporates to engage with their pension scheme trustees
TPR's new powers
08 Sep 2021
The Pension Schemes Act 2021 (PSA21) has received Royal Assent and many of the broader new powers of The Pensions Regulator (TPR) should be in play from 1 October 2021. These powers, particularly new criminal offences and civil penalties, are very wide ranging with hefty sanctions attached, and are therefore potentially concerning to corporates and related parties (including individuals).
Here, we offer a combined viewpoint on the potential implications of the new regime from Hymans Robertson, Travers Smith and 20-20 Trustees – from actuarial, legal and pension trustee points of view including:
- What is changing?
- How should corporates engage with their trustees?
- What about planning for a corporate transaction?
- Conclusion/closing thoughts.
If you would like any further advice or information, get in touch with one of our experts.