Many of the provisions of the Pensions Schemes Act 2021 (“PSA21”) came into force from 1st October. We have created an updated special newsletter that highlights the key requirements, which all Trustees, Sponsoring Employers and their advisers should be aware of.
You can read the newsletter which covers the point of the Pensions Schemes Act 2021 below, here.
New Contribution Notice Tests
Information-gathering powers strengthened
New Events to be Reported to TPR
New Requirement for Trustee and Employer to set a Long-Term Funding and Investment Strategy
Restriction on Member’s Rights to a Statutory Transfer