Industry praises introduction of long-awaited Pension Schemes Act; notes this is just the first step
The industry has welcomed the introduction of the Pension Schemes Act, with many praising the important changes it introduces for millions of savers in workplace pensions.
The Act - which became law yesterday (11 February) after being granted Royal Assent - includes defined benefit (DB) protections and punishments, including fines of up to £1m and seven-year jail sentences,...
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