Sixty second summary
Stronger Regulator to protect DB schemes
14 Feb 2019 - Estimated reading time: 1 minute
The Department for Work and Pensions (DWP) has announced the outcome of a consultation exercise on proposed new powers for the Pensions Regulator. It will create new notifiable events, require ‘declarations of intent’ to be made before some corporate transactions, introduce additional penalties (including criminal offences) for non-compliance, revise the Regulator’s ‘moral hazard’ powers, and boost its information-gathering abilities.