The Pensions Regulator (Employer Resources Test) Regulations 2021
These Regulations make further provision relating to the “moral hazard” provisions in section 38 of the Pensions Act 2004 (c. 35) (“the Act”), and in particular, what constitutes the resources of an employer, and how they are valued, for the purposes of the “employer resources test”. This section provides for the Pensions Regulator’s power to issue contribution notices.
Lifecycle
Department
Made
15 Sept 2021
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In force
01 Oct 2021
Enabling power
A draft of these Regulations has been laid before and approved by a resolution of each House of Parliament in accordance with section 316(2) of the Pensions Act 2004.
DocumentsOpen on legislation.gov.uk →