# Pension Schemes Act 1993, Section 151A: Interest on late payment of benefit


Where under this Part the Pensions Ombudsman directs a person responsible for the management of an occupational or personal pension scheme to make any payment in respect of benefit under the scheme which, in his opinion, ought to have been paid earlier, his direction may also require the payment of interest at the prescribed rate

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Source: https://www.legislation.gov.uk/ukpga/1993/48/section/151A (the official version)
Page: https://openlegislation.uk/pension-schemes-act-1993/section-151A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.