Pensions Act 2008 Explanatory Notes

Part 5: Miscellaneous

Section 126:  Amendments to the Pensions Act 2004 relating to contribution notices and financial support directions

365.Section 126 inserts Schedule 9. This Schedule amends sections 38 and 39 of the PA 2004, which set out the Pensions Regulator’s powers to issue a contribution notice where certain acts or deliberate failures to act have occurred. It also amends sections 43 and 44 of the same Act which set out the Regulator’s power to issue a direction requiring that the recipient put in place appropriate financial support for an occupational pension scheme.

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