TPR flexes powers and issues £2m contribution notice

Regulator uses anti-avoidance powers to protect savers

Martin Richmond
clock • 1 min read
Hamm, Germany: HQ of SMT Scharf AG
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Hamm, Germany: HQ of SMT Scharf AG

The Pensions Regulator (TPR) has set out how it will protect savers in defined benefit (DB) schemes of all sizes in a new regulatory report published today.

The report outlines how the regulator used its anti-avoidance powers against German mining equipment business SMT Scharf AG. Scharf sold the Dosco Group, a UK engineering business, to a manageme...

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