The Pensions Regulator’s powers Contribution Notices (CNs)
In order to safeguard Defined Benefit pension scheme members’ benefits, and to minimise the risk of a call on the Pension Protection Fund, the Regulator has a range of powers, including the power to issue CNs to recover any losses caused to a Defined Benefit pension scheme as a result of avoidance behaviours.
	The Regulator’s CN regime is generally fit for purpose. Following a small number of cases, it has become apparent that changes are necessary to update and strengthen the regime.
	The measures in this Act amend the CN regime, and in doing so, will ensure that the industry has greater clarity around the meaning of the current legislation, and will enable the Regulator to take effective and efficient action as appropriate.