Amendments to the anti-avoidance measures in the Pensions Act 2004


Sacker & Partners LLP has submitted a response to the consultation on the Department for Work and Pension’s consultation on the “Amendments to the Anti-avoidance Measures in the Pensions Act 2004”. The consultation closed on Friday, 20 June 2008. The proposed amendments are intended to enhance the Pensions Regulator’s powers “to require contributions to pension schemes when sponsor actions materially reduce the security of member benefits”. This announcement comes amidst growing Government concern over the introduction of “business models that look to sever the link between employer and scheme”, which are seen as potentially undermining the traditional employer/trustee relationship to the possible detriment of members.

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