The Pension Schemes Act 2021: The new landscape for DB schemes

60 minute read
26 October 2021


The Pension Schemes Act 2021 represents a significant change in the powers given to the Pensions Regulator to monitor and intervene in relation to defined benefit pension schemes.

Paul Carberry, partner, and Liz Wood, principal associate, in our Pensions team, spoke to Alex Hutton-Mills and Dan Mindel of Lincoln Pensions (soon to be renamed as Cardano Advisory), to discuss how the covenant aspects of the new laws are expected to impact on corporates and corporate behaviour.

This webinar covers:

  • How the Regulator intends to assess whether a party may be subject to a contribution notice under one of the new tests
  • How the Regulator intends to prosecute the new offences
  • The latest update on the changed rules around notifiable events, including our views on what is meant by "a decision in principle" (being a trigger for the two new notifiable events) and when "main terms have been proposed" (the trigger for the new notice and statement to the Regulator)
  • How day-to-day corporate activity will be affected by these new requirements
  • How companies can best protect themselves against Regulator intervention into corporate activities and restructurings

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