Summary
Established The Pensions Regulator (TPR) and the Pension Protection Fund (PPF). Created a new regulatory framework for occupational and personal pension schemes with powers to protect members' benefits.
Key Points
- Establishes The Pensions Regulator
- Creates the Pension Protection Fund
- Contribution notices and financial support directions
- Moral hazard powers to protect DB schemes
Parts & Sections
Amendments History
2021 — Pension Schemes Act 2021
Enhanced TPR powers including criminal sanctions for conduct risking accrued scheme benefits.