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Amendments to the Pension Act 1995

United Kingdom Current 2004

The amended Act places a statutory duty on scheme auditors to report breaches of the law, commonly referred to as ‘whistleblowing’, to the Pensions Regulator as soon as reasonably practicable.

Issuer name

The Pensions Regulator

More information

Whistleblowing reports are recognised as a key source of information and helps the regulator fulfil its statutory objectives for work-based pensions. At the same time it is recognised that not every breach poses a material threat to a scheme and the risk to members’ benefits

Organizations covered by the instrument

All Companies

Target organization notes

Pension funds

Industry scope

Financial Services

Disclosure venue

annual report

ESG coverage- G (Governance)

Accountability, Anti-Corruption and Anti-Competitive Behaviour

Status

Current

Country

United Kingdom

Region

Europe

Date of publication

2004

Issuer type

Financial Market Regulators

Reporting requirements

Public law and regulation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

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