TPR: 'Engage promptly' if sponsor is struggling

Regulator said trustees need the right skills to deal with a distressed situation

Holly Roach
clock • 2 min read
TPR executive director of frontline regulation Nicola Parish
Image:

TPR executive director of frontline regulation Nicola Parish

The Pensions Regulator (TPR) has urged trustees who may be concerned their sponsoring employer is struggling or who are involved in discussions about a restructuring plan to engage with the regulator “promptly”.

In a blog today (8 March), TPR executive director of frontline regulation Nicola Parish urged trustees to involve the regulator at an early stage "when it becomes clear that trading for a sponsorin...

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 Industry

PASA publishes paper outlining implications of Data Act 2025 for schemes

PASA publishes paper outlining implications of Data Act 2025 for schemes

PASA highlights core areas schemes ‘need to understand and act upon’

Holly Roach
clock 01 December 2025 • 2 min read
Buzz: Will capping salary sacrifice damage occupational pension provision?

Buzz: Will capping salary sacrifice damage occupational pension provision?

Salary sacrifice cap, DB surplus and pre-Budget speculation

Professional Pensions
clock 01 December 2025 • 1 min read
Reports: WTW in talks to buy NatWest Cushon

Reports: WTW in talks to buy NatWest Cushon

Sky News says WTW has emerged as the frontrunner in the master trust sale process

Professional Pensions
clock 01 December 2025 • 2 min read
Trustpilot