improvement notice

improvement notice
Under section 13 of the Pensions Act 2004, the Pensions Regulator can issue an improvement notice to anyone involved in administering or advising a pension scheme, whose action or inaction has led to a contravention of pensions legislation. The notice can direct the person to take or refrain from taking specified steps within a defined period.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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