My hon. Friend is right to say that it is important that a trustee should not be able reimburse themselves from the scheme for any wrongdoing under any pensions legislation. In fact, under the Pensions Act 2004, some of those regulations are already in place. It appears from the Pensions Regulator that, until now, prosecutions and penalties have not been issued; I am sure that the Minister will want to clarify that. This is very much about having a deterrent when the dashboard is set up. The deterrent effect needs to be strong to ensure that those people, whose pensions are in the schemes and on the dashboard, are properly protected.
Pensions Dashboards (Prohibition of Indemnification) Bill
Proceeding contribution from
Mary Robinson
(Conservative)
in the House of Commons on Friday, 20 January 2023.
It occurred during Debate on bills on Pensions Dashboards (Prohibition of Indemnification) Bill.
About this proceeding contribution
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726 c695 Session
2022-23Chamber / Committee
House of Commons chamberLibrarians' tools
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2023-01-23 15:34:17 +0000
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