HMRC is to receive new powers to enable it to refuse to register and to de-register master trust pension schemes and schemes for dormant companies which are not authorised by The Pensions Regulator.

The draft legislation is contained in Finance Bill (No.2) (amending FA 2004) and it is expected that the new powers will come into force from 6 April 2018.

The Policy Paper and draft legislation can be found here.