Pensions Dashboards (Prohibition of Indemnification) Bill: HL Bill 92 of 2022–23
Pensions dashboards are new online services that will allow individuals to see information about their pensions online. The Pensions Dashboards Regulations 2022 place certain obligations on pension schemes, including a requirement to connect to the dashboard services. The Pensions Regulator has the power to issue a financial penalty for any breach of the regulations. The Pensions Dashboards (Prohibition of Indemnification) Bill would make it a criminal offence for occupational or personal pension scheme trustees or managers who receive a financial penalty under the Pensions Dashboards Regulations 2022 to reimburse themselves with pension scheme assets.