Publication

The corporate pension viewpoint: Impact of Pension Schemes Act 2021 (PSA21)

calendar icon 08 November 2023
time icon 5 min

Authors

Leonard Bowman

Leonard Bowman

Partner & Head of Corporate Consulting

Andrew Udale-Smith

Andrew Udale-Smith

Partner

Sachin Patel

Sachin Patel

Head of Corporate DB Endgame Strategy

The corporate pension viewpoint

The Pension Schemes Act 2021 (PSA21) was the most significant piece of UK pensions legislation in the 17 years since the Pensions Act 2004.

It extended the Pensions Regulator’s (TPR’s) Contribution Notice powers, introduced criminal offences that are drafted in a very broad manner and, although this has yet to be enacted, laid the foundations for a significantly more onerous Notifiable Events regime.

So, two years on, what do companies think about this and how are they responding? We conducted a wide-ranging survey of 250 finance and pension decision-makers at UK companies to get their thoughts on the matter.

Download the second publication in our 'corporate pension viewpoint' series, where we look at what impact PSA21 has had on company planning and commercial activity.

DOWNLOAD

If you have any questions or would like to discuss your own corporate pension strategy, please do get in touch.

Download our previous publication, which focused on strategic priorities and DB endgame strategies.

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