# Pension Schemes Act 2026, Section 65: Prohibition of unapproved superfund transfers

Extent: E+W+S
Status: prospective

(1) A person may not make or receive a superfund transfer, or cause or permit a superfund transfer to be made or received, unless the superfund transfer is approved under this Chapter.
(2) A person who breaches subsection (1) commits an offence.
(3) A person who commits an offence under subsection (2) is liable—
(a) on summary conviction in England and Wales, to a fine;
(b) on summary conviction in Scotland, to a fine not exceeding the statutory maximum;
(c) on conviction on indictment, to imprisonment for a term not exceeding 2 years or a fine or both.
(4) Section 88A of the Pensions Act 2004 (financial penalties) applies to a person who breaches subsection (1) (but see subsection (10) of that section, which prevents a penalty from being imposed in respect of an act where the person has been convicted of an offence in respect of the same act, or where proceedings for such an offence are ongoing).

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Source: https://www.legislation.gov.uk/ukpga/2026/22/section/65 (the official version)
Page: https://openlegislation.uk/pension-schemes-act-2026/section-65
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.