Contribution notice

A financial obligation requiring the payment of a sum of money to a defined-benefit (DB) scheme ( . The liability is imposed by the Pensions Regulator ( on one or more employers (or other persons associated or connected with them) under one of two alternative bases:

  • If, on or after 27 April 2004, there has been an act or omission, one of the main purposes of which was to avoid or reduce an employer debt ( under section 75 or 75A of the Pensions Act 1995 (as amended).

  • If the Regulator considers that an act or failure to act is "materially detrimental" to the likelihood of a person receiving their accrued scheme benefits.

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