The Act introduces two new offences – conduct risking accrued DB benefits and avoidance of employer debt, as explained below. Each offence is punishable by up to seven years' imprisonment and / or an unlimited fine. There are...more
The Pension Schemes Bill [HL] 2019-20 (Bill) was re-introduced before Parliament on 7 January 2020. Among its proposed amendments to the Pensions Act 2004 (Act) are new criminal offences for failing to comply with a...more
1/27/2020
/ Criminal Liability ,
Defined Benefit Plans ,
Employee Benefits ,
Employer Contributions ,
Insolvency ,
Legislative Agendas ,
Moral Hazard Powers ,
Pension Protection Fund (PPF) ,
Pension Schemes ,
Pensions ,
Protection Plans ,
Restructuring ,
Retirement Plan ,
The Pensions Regulator (TPR) ,
UK ,
UK Parliament