NEWS   |    January 20, 2021

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.”

Read Anne-Marie’s comments in FT Adviser and Law360.

The views in this article are intended for general information purposes only and should not be used as a substitute for professional advice. Arc Pensions Law and the author(s) are not responsible for any direct or indirect result arising from any reliance placed on content, including any loss, and exclude liability to the full extent. Always seek appropriate legal advice from a suitably qualified lawyer before taking, or avoiding taking, any action. If you have any questions on the points raised in the above, please do not hesitate to get in touch.

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