Partner Anne-Marie Winton comments in FT Adviser and Law360 on the Pension Schemes Bill being ready for Royal Assent
The Pension Schemes Bill is to receive Royal Assent and become law imminently after being approved by the House of Lords in the final stage of its parliamentary journey.
The Bill managed to avoid a round of parliamentary ping pong after peers accepted the House of Commons amendments in a hearing yesterday.
Anne-Marie Winton commented:
“The Bill completed ping pong in the House of Lords on 19 January. It is now ready for Royal Asset (though there is no set time period between the end of the review of the Bill and Royal Assent being given).”
“For any UK or international group or employer with a defined benefits scheme, very careful attention will be needed to the new laws to avoid tripping up and being fined – heavily, or even sent to prison. Ignorance of the new laws will be no excuse for non-compliance when carrying out routine and non-routine corporate activity.”
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