More than £2.5m returned to pension scheme after anti-avoidance action by TPR

Regulator said when savers are put at risk, ‘we act to put things right’

Holly Roach
clock • 1 min read
More than £2.5m returned to pension scheme after anti-avoidance action by TPR

More than £2.5m has been returned to a pension scheme after anti-avoidance action by The Pensions Regulator (TPR).

The regulator took action after money was taken from packaging firm Discovery Flexibles despite its pension scheme, the Danapak Flexibles Retirement Benefits Scheme, having a "significant" deficit....

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

AMNT calls for mandatory member representation on scheme boards

AMNT calls for mandatory member representation on scheme boards

Body says members’ voices remain ‘almost silent’ in current DC and CDC arrangements

Martin Richmond
clock 13 August 2026 • 3 min read
Taxable pension withdrawals pass £75bn for under-65s

Taxable pension withdrawals pass £75bn for under-65s

Analysis finds 2.4 million have now taken their first taxable payment below the age of 65

Alex Levy
clock 13 August 2026 • 2 min read
AMNT: Three urgent reforms for the protection of member rights

AMNT: Three urgent reforms for the protection of member rights

John Flynn says the organisation has ‘serious concerns’ the voice of members will be lost

John Flynn
clock 13 August 2026 • 5 min read
Trustpilot