Commentary on Sections PART 1 – Pension Scheme Membership for Jobholders CHAPTER 4 – Supplementary provision about compliance and information-sharing Section 63: Objectives of the Regulator
Section 63 provides a new statutory objective for the Pensions Regulator. In addition to those listed at Article 4(1) of the Pensions (Northern Ireland) Order 2005, the Regulator’s objectives will now include maximising compliance with the new duties being placed on employers under Chapter 1 of Part 1, and the safeguards in sections 50 (prohibited recruitment conduct) and 54 (inducements).