TPR: Have faith that we will apply our powers fairly

Sarah Smart says trust is part of a healthy regulatory environment

James Phillips
clock • 3 min read
Possible punishments include seven years of jailtime. Credit: Ichigo121212/Pixabay
Image:

Possible punishments include seven years of jailtime. Credit: Ichigo121212/Pixabay

The industry should “have faith” that The Pensions Regulator (TPR) will not use its powers to unduly punish people for ordinary and legitimate business activity, the watchdog has said.

A prescriptive system would tie the regulator's hands too much and could lead to unintended consequences whereby it is forced to punish businesses for perfectly legitimate actions, TPR chair Sarah ...

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

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

TPR updates guidance to help those making third-party applications

TPR updates guidance to help those making third-party applications

Application process improved for use of certain pension powers

Jonathan Stapleton
clock 07 May 2025 • 1 min read
Government urged to compel 25% UK investment as 'quid pro quo' for tax relief

Government urged to compel 25% UK investment as 'quid pro quo' for tax relief

Baroness Altmann says bold reform will be a radical game-changer for UK growth

Jonathan Stapleton
clock 06 May 2025 • 2 min read
Pensions minister rules out retrospective change after HoC debate on clawback

Pensions minister rules out retrospective change after HoC debate on clawback

MPs say pension integration ‘is a relic from the past and needs to be abolished’

Jonathan Stapleton
clock 24 April 2025 • 5 min read
Trustpilot