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ARTICLE · 16 FEBRUARY 2021

The Pension Schemes Act 2021 Is Here - What Does It Mean For Trustees?

Gowling WLG
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On 11 February 2021, Royal Assent was given to the Pension Schemes Bill 2019 - 21. The Pension Schemes Act 2021 (the PSA 21)

CanadaEmployment and HR
Jason Coates
Jason Coates
Elizabeth Gane
Elizabeth Gane
Ian Chapman-Curry
Ian Chapman-Curry
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On 11 February 2021, Royal Assent was given to the Pension Schemes Bill 2019 - 21. The Pension Schemes Act 2021 (the PSA 21) has finally reached the statute books. The PSA 21 is an important and wide-ranging piece of pensions legislation that will have a material impact for trustees of occupational pension schemes.

In this update, we set out the key points that will impact on trustees and provide links to our series of blog posts (with more information on each area).

We've also put together a one-side overview of the various elements that make up the PSA 21.

The Pensions Regulator gains new powers

Under the PSA 21, The Pensions Regulator (TPR) will be given a range of new powers:

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