Section 32 — Prohibition on new employers during triggering event period
This version in force from 2018-10-01
Snapshot: 2026-08-24
Reproduced from legislation.gov.uk (Crown Copyright, Open Government Licence v3.0). Amendments made after 2026-08-24 may not be reflected — always check the official text .
(1) During a triggering event period for a Master Trust scheme, neither the trustees nor a scheme funder nor a scheme strategist may—
(a) permit a new person to become an employer in relation to the scheme, or
(b) enter into an agreement under which a new person will become an employer in relation to the scheme after the end of the triggering event period.
(2) A “new person” is a person who was not an employer in relation to the scheme on the date on which the triggering event occurred.
(3) Section 10 of the Pensions Act 1995 (civil penalties) applies to a person who fails to comply with subsection (1).