Proposed extension of anti-avoidance powers


The Department for Work and Pensions (DWP) has announced its intention 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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