TPR's professional trustee definition welcomed but penalty policy has 'sting in the tail'

James Phillips
clock • 4 min read

The industry has welcomed The Pensions Regulator's (TPR) revised definition of professional trustee, but has warned all trustees to be aware of the updated monetary penalty policy.

The regulator now defines a ‘professional trustee' as someone "who acts as a trustee in the course of the business of being a trustee", particularly where one represents or promotes themselves to a...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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