The Pensions Regulator

Code of practice 02
Notifiable events

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At a glance

There are a number of notifiable events designed to give the Pensions Regulator early warning of a possible call on the Pension Protection Fund.

• The events fall into two groups:
  • scheme-related - to be notified by trustees;
  • employer-related - to be notified by employers.
• Only schemes which are eligible for entry to the Pension Protection Fund, and their employers, are subject to the notifiable events duty.
• Some of the events only have to be notified by schemes that are funded below the Pension Protection Fund buy out level or where there has been a report of a materially significant failure by the employer to make a payment in accordance with the schedule of contributions. This and other exceptions to the duty to notify are contained in directions issued by the Pensions Regulator.
• If an event occurs it must be notified in writing to the Pensions Regulator as soon as reasonably practicable. Failure to notify should be reported as a breach of the law likely to be of material significance to the Pensions Regulator.

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