Member

Let me turn to Amendments 86 and 87. Again, these are probing amendments intended to explore the extent and proportionality of the enforcement powers conferred on the Pensions Regulator under Clause 32. Amendment 86 seeks to probe the proposed expansion of the regulator’s enforcement toolkit. Clause 32(2) allows regulations to provide for compliance notices, third-party compliance notices and penalty notices, alongside tribunal appeals. This is a significant suite of powers, particularly the ability to issue notices to third parties in order to secure another person’s compliance. I would therefore be grateful if the Minister could explain why these additional powers are necessary for the small pots regime; how frequently they are expected to be used; and what safeguards will apply to ensure that they are exercised proportionately and consistently.