It's time to take note of TPR's new powers

Nicholas Greenacre considers what is in store for defined benefit schemes

clock • 3 min read
Nicholas Greenacre
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Nicholas Greenacre

The Pensions Scheme Act 2021, which came into force on 1 October 2021, has given The Pensions Regulator (TPR) a host of new powers, including the ability to impose criminal sanctions or prosecute offences relating to defined benefit (DB) pensions.

These latest legislative changes lead on from several years of work further to the high-profile collapse of retailer BHS and the liquidation of construction firm Carillion - both of which had large...

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