The Pensions Regulator (TPR) issued 424 fixed penalty notices and five escalating fines against employers for auto-enrolment failures in the year to March.
As the watchdog ramped up its action on auto-enrolment, it issued 1,682 compliance notices, 22 unpaid contribution notices, and six statutory inspection notices on top of the fines. More than 500 employers...
The Pensions and Lifetime Savings Association (PLSA) is in the process of convening an industry-wide group to take forward the work of the Institutional Disclosure Working Group (IDWG).
The Transfers and Re-registration Industry Group (TRIG) has given its support to an initiative which aims to complete occupational pension transfers within three weeks.
Scottish Widows has completed a bulk annuity deal for the Hitachi UK Limited Pension Scheme.