Exclusive: Trustees 'need more guidance' on TPR sanctions

Just a third of professional trustees feel well-equipped to deal with increased expectations

James Phillips
clock • 3 min read
Exclusive: Trustees 'need more guidance' on TPR sanctions

Nearly two-thirds of professional trustees report that they need more guidance on the enhanced sanctions and penalties in the Pension Schemes Act 2021.

In a PwC survey, conducted earlier this year, 61% said they felt they understood the scope of the punishments, but needed more information. Another 34% said they understood them completely, while 5...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Admin / Technology

Penfold: £7m funding round will grow workplace offering

Penfold: £7m funding round will grow workplace offering

Round follows the platform’s launch of a workplace pension solution last year

Hope William-Smith
clock 08 August 2022 • 1 min read
PASA launches guidance focused on pensions values

PASA launches guidance focused on pensions values

For administrators to help savers understand what they may receive from a pension benefit

Holly Roach
clock 01 August 2022 • 2 min read
Wealth Wizards launches master trust solution

Wealth Wizards launches master trust solution

'Turo’ solution is aimed at improving savers’ financial wellbeing

Hope William-Smith
clock 27 July 2022 • 1 min read
Trustpilot