Let’s start with the key point. If you get a knock on the door from The Pensions Regulator (TPR) then take a deep breath, do not panic and check your insurance policy as soon as you possibly can.
TPR has promised to be “clearer, quicker and tougher” and we have certainly seen the regulator ramp up its enforcement activity this past year. And the pension schemes bill, if passed by the new Government, will give TPR greater powers than ever before in terms of its ability to investigate suspected wrong doing and bring enforcement action against, amongst others, trustees and employers if TPR thinks something may be going wrong with a scheme. So, we anticipate more investigations and enforcement action against more schemes. Continue Reading