The Pensions Regulator (TPR) has named six schemes and their professional trustees which failed to produce compliant chair's statements.
The list, which has been produced for the first time, details six defined contribution (DC) schemes which have together been fined around £9,000 for the failures. The schemes' statements are said to...
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.