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Clifford Chance

Clifford Chance


UK Pensions Briefing – February 2019

15 February 2019

The Government has published its response to its consultation on proposals to create a "stronger" Pensions Regulator that can intervene earlier and more quickly when defined benefit pension schemes are at risk, with serious penalties for those who have acted recklessly or failed to comply with their obligations.

Many of the proposals would have had a significant impact on business activity, and while some are not being pursued at this time (e.g. the number of proposed additional notifiable events has been reduced, and the lookback period for Financial Support Directions has not been extended), others are. In practice, much detail remains uncertain, and we will have to wait and see the draft legislation before assessing the impact on commercial activity.

This briefing summarises the response.

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