Part 4: Pensions Dashboards Section 119: Information from occupational pension schemes 238G Compliance
The new inserted subsection 238G(1) enables the Secretary of State to make provision in regulations for ensuring compliance with the duties imposed on the trustees or managers of a relevant occupational pension scheme in regulations made under section 238D. In section 238G, the Regulator refers to the Pensions Regulator (see Part 1 of the Pensions Act 2004).
	Subsection (2) provides that regulations may (amongst other things) make provision for the imposition of compliance notices, penalty notices, and for the making of appeals. They may also confer additional functions on the Regulator.
	Subsection (3) provides that regulations may determine the amount or maximum amount of penalty, which must not exceed £5000 in the case of an individual or £50,000 in any other case (subsection (4)).
	Subsection (5) explains that "a relevant occupational pension scheme" is as defined in 238F.
	Section 119(3) amends section 310 of the Pensions Act 2004 with the effect that any information given in relation to schemes is admissible in proceedings relating to financial penalties under new section 238G.
	Section 119(4) amends section 316 of the Pensions Act 2004 with the effect that any regulations that are made under sections 238D or 238G of that Act are subject to the affirmative resolution procedure.
	Section 119(5) amends Schedule 1 of the Pensions Act 2004 to enable regulations to permit the Regulator to authorise other persons to exercise the functions in new section 238G on its behalf.