Pension Schemes Act 2017
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Change 1
32 Prohibition on new employers during triggering event period
(1) During a triggering event period for a Master Trust scheme, neither the trustees nor a scheme funder nor a scheme strategist may— (a) permit a new person to become an employer in relation to the scheme, or (b) enter into an agreement under which a new person will become an employer in relation to the scheme after the end of the triggering event period. (2) A “new person” is a person who was not an employer in relation to the scheme on the date on which the triggering event occurred. (3) Section 10 of the Pensions Act 1995 (civil penalties) applies to a person who fails to comply with subsection (1).
32 Prohibition on new employers during triggering event period
(1) During a triggering event period for a Master Trust scheme, neither the trustees nor a scheme funder nor a scheme strategist may— (a) permit a new person to become an employer in relation to the scheme, or (b) enter into an agreement under which a new person will become an employer in relation to the scheme after the end of the triggering event period. (2) A “new person” is a person who was not an employer in relation to the scheme on the date on which the triggering event occurred. (3) Section 10 of the Pensions Act 1995 (civil penalties) applies to a person who fails to comply with subsection (1).
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