Watchdog fines Now Pensions trustee £70,000; imposes deadline to fix administrative issues

Victoria Tichá
clock • 3 min read

The trustee of master trust Now Pensions has been fined and given a set of stringent deadlines to fix long-running pension scheme issues, The Pensions Regulator (TPR) announced today.

The master trust will be required to act and resolve its persistent failings, which have occurred over a number of years, and have led to some members' savings not being collected from employers an...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • 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

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Is the 'institutional spring' under threat from Gen Z disconnect?

Is the 'institutional spring' under threat from Gen Z disconnect?

Archie Pritchett says unless reform reaches savers, 2026's progress will bloom where nobody is looking

Archie Pritchett
clock 10 April 2026 • 4 min read
Is 3i v Decesare a further move away from Courage?

Is 3i v Decesare a further move away from Courage?

Kate Payne and Archana Gupta say a more robust approach may now be more defensible

Kate Payne and Archana Gupta
clock 09 April 2026 • 5 min read
PMI: Why a new pension system needs a new regulatory approach

PMI: Why a new pension system needs a new regulatory approach

Helen Forrest Hall says the future lies in regulating people rather than process

Helen Forrest Hall
clock 31 March 2026 • 4 min read
Trustpilot