Pension Schemes Act 2026
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Change 1
118 Information
(1) The Secretary of State may by regulations make provision requiring a person specified or described in the regulations to give the Secretary of State a document or other information specified or described in the regulations. (2) Regulations under subsection (1) may only make provision in respect of documents or other information which the Secretary of State reasonably requires for the purposes of— (a) making regulations under this Chapter, or (b) establishing or administering a new public scheme, including transferring qualifying accrued rights to such a scheme. (3) Regulations under subsection (1) may, among other things, include— (a) provision about the time when the document or other information must be given; (b) provision about the form and manner in which it must be given; (c) provision for the imposition of a financial penalty on a person who, without reasonable excuse, fails to comply with a requirement imposed by the regulations (including provision for appeals to a court or tribunal). (4) For the purposes of facilitating the establishment or administration of a new public scheme, including the transfer of qualifying accrued rights to such a scheme, information described in subsection (5) may be shared among the following persons— (a) the Secretary of State; (b) the Treasury; (c) a trustee company of the AWE Pension Scheme; (d) a person who exercises functions under the AWE Pension Scheme; (e) AWE PLC; (f) a person who administers, or exercises functions under, a new public scheme. (5) The information is information relating to— (a) rights or entitlements to pensions or other benefits under the AWE Pension Scheme; (b) the administration of the AWE Pension Scheme; (c) rights or entitlements to pensions or other benefits under a new public scheme, so far as they are rights or entitlements of, or in respect of, qualifying persons; (d) the administration of a new public scheme. (6) The disclosure of information in accordance with this section, or regulations made under this section, does not breach— (a) any obligation of confidence owed by a person in relation to that information, or (b) any other restriction on the disclosure of information (however imposed).
118 Information
(1) The Secretary of State may by regulations make provision requiring a person specified or described in the regulations to give the Secretary of State a document or other information specified or described in the regulations. (2) Regulations under subsection (1) may only make provision in respect of documents or other information which the Secretary of State reasonably requires for the purposes of— (a) making regulations under this Chapter, or (b) establishing or administering a new public scheme, including transferring qualifying accrued rights to such a scheme. (3) Regulations under subsection (1) may, among other things, include— (a) provision about the time when the document or other information must be given; (b) provision about the form and manner in which it must be given; (c) provision for the imposition of a financial penalty on a person who, without reasonable excuse, fails to comply with a requirement imposed by the regulations (including provision for appeals to a court or tribunal). (4) For the purposes of facilitating the establishment or administration of a new public scheme, including the transfer of qualifying accrued rights to such a scheme, information described in subsection (5) may be shared among the following persons— (a) the Secretary of State; (b) the Treasury; (c) a trustee company of the AWE Pension Scheme; (d) a person who exercises functions under the AWE Pension Scheme; (e) AWE PLC; (f) a person who administers, or exercises functions under, a new public scheme. (5) The information is information relating to— (a) rights or entitlements to pensions or other benefits under the AWE Pension Scheme; (b) the administration of the AWE Pension Scheme; (c) rights or entitlements to pensions or other benefits under a new public scheme, so far as they are rights or entitlements of, or in respect of, qualifying persons; (d) the administration of a new public scheme. (6) The disclosure of information in accordance with this section, or regulations made under this section, does not breach— (a) any obligation of confidence owed by a person in relation to that information, or (b) any other restriction on the disclosure of information (however imposed).
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