Getting advice on your pension scheme is more important than ever. Ensure you comply with the regulations with help from our specialist solicitors.

Pension schemes in the UK are subject to wide ranging regulatory compliance in the areas listed below.

  • Pensions Act 1995, including the introduction of member-nominated trustees, debt on the employer framework and provisions dealing with the modification of schemes.
  • Pensions Act 2004, including the introduction of the Pensions Regulator, Pension Protection Fund and the new statutory funding objective.  
  • Finance Act 2004, including taxation of benefits under the new tax regime from 6 April 2006.
  • Equality Act 2010, including age discrimination.
  • Sex equality case law from the European Court of Justice.
  • Preservation of benefits for early leavers.  
  • Contracting-out.
  • Codes of Practice issued by the Pensions Regulator, including funding defined benefits, late payment of contributions, trustees knowledge and understanding, internal controls and governance and administration of trust based defined contribution schemes.
  • Regulatory guidance issued by the Pensions Regulator, including scheme funding and clearance case studies, monitoring employer support, record-keeping and conflicts of interest.
  • Reporting of Notifiable Events to the Pensions Regulator.
  • Registration and reporting requirements to HMRC.
  • Registration with the Pensions Registry. 
  • Registration with the Data Protection Commissioner.

Do Pitmans’ Regulatory Compliance Lawyers Have Any Particular Areas of Expertise?

  • Advise employers and trustees on all aspects of pension compliance.
  • Undertaking a compliance audit of your scheme.
  • Making any necessary report or application to the relevant authorities.