TPR’s new powers – practical ways for corporates to engage with their pension scheme trustees in the new world
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).