M
Member
Speaking in the House of Lords on 22 January 2026
Debate
Pension Schemes BillContribution
Amendment 87 probes the rationale for the statutory penalty caps set out in Clause 32(4). The Bill specifies maximum penalties of £10,000 for individuals and £100,000 in other cases. Can the Minister explain how these figures were determined and how they compare with existing Pensions Regulator regimes? Also, are they intended primarily as a deterrent or as a compliance tool? That is an important point.
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