UK's Biggest Pensions Shake-Up In Decades Becomes Law

Law360, London (February 11, 2021, 6:00 PM GMT) -- The "biggest shake-up" for Britain's retirement savers in decades passed into law on Thursday, creating the Pension Schemes Act that hands the national regulator stronger powers to prosecute company bosses who mishandle employee schemes.

The Department for Work and Pensions said the Pension Schemes Bill has now received royal assent, making it an Act of Parliament. The act is designed to strengthen protections for pension savers by giving The Pensions Regulator more power, allowing it to issue civil penalties up to £1 million ($1.4 million).

The government hopes the act, which also introduces new criminal offenses, will prevent a repeat of the scandal...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!