Stotts Tours and its managing director Alan Stott will be ordered to pay over £30,000 for their failure to set up a pension scheme for their staff.
The order comes after the firm and Stott last month pleaded guilty at Brighton Magistrates' Court to a combined total of 16 offences, leading to The Pensions Regulator (TPR) securing its first conviction...
The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.
The long-debated Pension Schemes Bill has received parliamentary approval, guaranteeing its place on the statute book.
Some £20.1bn of defined benefit (DB) pensions were advised to transfer between 2018 and 2020, while £10.2bn were recommended not to transfer, Financial Conduct Authority (FCA) data reveals.
Pension trustees will have much more involvement in business discussions and corporates will need to think more about pensions when the watchdog’s increased powers come into force, LCP says.
Mediation has been under-utilised historically as a means of dispute resolution in this area. Mark Blyth and Geoff Egerton think this is going to change.