Commentary on Sections Part 1: Pension scheme membership for jobholders Chapter 4: Supplementary provision about compliance and information sharing Section 60: Requirement to keep records
143.Section 60 permits the Secretary of State, by regulations, to make provision requiring any person to keep records in a prescribed form for a period prescribed by regulations, not exceeding 6 years. Regulations may require the provision of such records, on request, to the Regulator.
144.These regulations can make provision for the Regulator to apply penalties under section 10 of the PA 1995 where a person fails to comply with this requirement.