TPR

The Pension Protection Fund (PPF) has confirmed its fraud compensation fund (FCF) needs to raise a levy of 75p per member, and 30p for master trusts in 2021/2022 — the maximum allowed under current regulations.

Here it is, our monthly digest of the most important pension articles Professional Pensions has written and published over the last month, along with some contextual notes.

The occupational defined contribution (DC) market consolidated further in 2020 with the number of trust-based plans falling substantially during the year, latest data from The Pensions Regulator (TPR) reveals.

The Work and Pensions Committee (WPC) has urged the government and regulators to “act quickly and decisively” to protect pension savers from scams.

This week’s top stories include the government’s renewed focus on superfunds and Smart Pension’s commitment of £100m to a defined contribution private market default strategy.

A climate strategy for The Pensions Regulator (TPR) is set to be announced in the coming weeks which will support trustees as they carry out work to meet the new Task Force on Climate-related Financial Disclosures (TCFD) requirements.

The Pensions Regulator (TPR) has published its settlement policy — setting out its approach for negotiating and concluding settlements of its regulatory or civil enforcement action.

Companies are increasingly looking to consolidators, superfunds and other sophisticated financial structures to help remove their defined benefit (DB) liabilities, The Pensions Regulator (TPR) says.

The Pensions Regulator (TPR) has called on the pensions industry to step up to stop scammers following a “concerning” long-term drop in reporting.

The Pensions Regulator (TPR) has secured the extradition of a suspected fraudster following engagement with the Metropolitan Police.