TPR on the warpath — two recent cases in profile

Chris Edwards-Earl looks at the regulator’s Pension Schemes Act 2021 powers in practice

clock • 3 min read
Chris Edwards-Earl
Image:

Chris Edwards-Earl

As the pensions industry is aware – due to constant updates, webinars and, even in some cases, direct intervention –  the Pension Schemes Act 2021 widened the circumstances in which The Pensions Regulator (TPR) can use its moral hazard powers (principally contribution notices (CNs) and financial support directions) and granted TPR stronger powers to investigate and sanction wrongdoing.

The potency of the new powers and the high-level guidance released to the market led to uncertainty over how TPR would wield these new powers. TPR has always preferred to guide by example, however,...

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

More on Regulation

Credit: HM Treasury

Chancellor scraps plans to remove 45% income tax rate for high earners

'Has become a distraction from our overriding mission'

Valeria Martinez
clock 03 October 2022 • 2 min read
Where to next? Looking to the future after ten years of auto-enrolment

Where to next? Looking to the future after ten years of auto-enrolment

Tomorrow marks one decade since the introduction of streamlined saving

Hope William-Smith
clock 30 September 2022 • 5 min read
Morley: "We can now start to actively take steps to bring down the levy without risking current and future members’ benefits"

PPF to cut levy to £200m and consults on simpler rules

Levy cut comes as lifeboat funds redefines funding objective as ‘maintaining resilience’

Jonathan Stapleton
clock 29 September 2022 • 3 min read
Trustpilot