Commentary on Sections PART 1 – Pension Scheme Membership for Jobholders CHAPTER 4 – Supplementary provision about compliance and information-sharing Section 59: Requirement to keep records
Section 59 permits the Department to make provision requiring any person to keep records in a prescribed form for a prescribed period, not exceeding 6 years.  Regulations may require the provision of such records, on request, to the Pensions Regulator.
The regulations may provide for the Regulator to apply penalties under Article 10 of the Pensions (Northern Ireland) Order 1995 where a person fails to comply with this requirement.