Clause 29 - Deficits attributable to an offence or the imposition of a levy

Part of Pension Schemes Bill – in a Public Bill Committee at 2:00 pm on 30th October 2014.

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Photo of Gregg McClymont Gregg McClymont Shadow Minister (Work and Pensions) 2:00 pm, 30th October 2014

Can the Minister give an idea of what kind of offences one might be talking about? I am not trying to catch him out, but what kind of offences could take place that would put the employer, to use the Minister’s language, “on the hook”? Is it something that happens regularly or is it a rare occurrence? What are the circumstances?