The Pensions Regulator (Information Gathering Powers and Modification) Regulations (Northern Ireland) 2021 - screening

Date published: 07 September 2021

The Pensions Act 2004 established, on a UK-wide basis, the Pensions Regulator (the ‘Regulator’) to protect the benefits of members of work-based pensions, reduce the risk of situations arising which may result in calls on the Pension Protection Fund and promote and improve understanding and good administration of work-based pensions.  The Regulator’s approach is risk-based focusing on education and enablement, with enforcement where appropriate.

The Regulations set out the minimum information which the Regulator must include in a notice which requires a person to attend an interview under extended provisions introduced by the Pension Schemes Act 2021.  It also modifies the Regulator’s extended inspection powers so they apply to multi-employer schemes and sets the level of the fixed and escalating civil penalties.

 

Details

Exisiting/Revised/New: Existing
Date of Screening: 07/09/2021
Screening Outcome - Full EQIA recommended: No

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