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ARTICLE · 24 SEPTEMBER 2021

Will Your Corporate Activity Be Captured By New Pensions Notification Requirements?

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Will your corporate activity be captured by nWill your corporate activity be captured by new pensions notification requirements?ew pensions notification requirements?

United KingdomCorporate/Commercial Law
Paul Carberry
Paul Carberry
Liz Wood
Liz Wood
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The Department for Work and Pensions (DWP) has issued a consultation on its planned changes to the existing notifiable events regime. The changes will oblige employers with defined benefit (DB) pension schemes to notify The Pensions Regulator (TPR) of a broader range of corporate events and activities and to do so at an earlier stage than is currently the case.

This is another example of the increased scrutiny by TPR of employers with DB pension schemes and should be built into the corporate planning of all employers with DB schemes. Consultation on the proposals ends on 27 October 2021, with the changes currently expected to be introduced on 6 April 2022.

In this Insight, our pensions experts take a look at the government consultation and highlight what employers need to know.

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