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UK Pension Schemes Act 2021: new criminal offence in force: lenders take note

26 March 2024 / Author(s): Avril Forbes
Issue: January 2022 / Categories: In Practice
Company: Clifford Chance

This In Practice article considers the new criminal offence introduced by the Pension Schemes Act 2021 in relation to defined benefit (DB) pension schemes, which came into force on 1 October 2021, in terms of what it means for lenders and transactions, as well as how it fits into the wider DB pensions framework.

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