Trustees affected by the changes to the definition of money purchase have until 31 March to update The Pensions Regulator (TPR) and submit their first valuation.
Lawyers warned the penalty for failing to meet this deadline was a fine of up to £5,000 for individuals or £50,000 for corporate trustees. The regulations, which took effect last July, mean sche...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
