TPR adopts hard line on 'wilful' non-compliance

clock

The Pensions Regulator (TPR) will aim to prosecute companies that wilfully evade their auto-enrolment duties.

The watchdog said it will not tolerate businesses that employ "dishonest, wilful or fraudulent" behaviour to avoid paying their employees' pensions. TPR warned: "This is deemed to be the most harmful and detrimental form of noncompliance and, as such we consider this unacceptable. We will aim to prosecute these offences in order to punish this type of behaviour and to act as a deterrent to others." In its compliance and enforcement strategy, published today, the watchdog said businesses will face escalating fines of up to £10,000 a day to make sure there is no financial benefit for sh...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Professional Adviser TV: Remaining client centric in a time of increased regulation and digital demands

Professional Adviser TV: Remaining client centric in a time of increased regulation and digital demands

Kevin Bailey and James Sullivan also unpack what value looks like

Professional Adviser
clock 04 July 2025 • 1 min read
Targeted support: FCA shuns 'overly prescriptive' approach to vulnerability

Targeted support: FCA shuns 'overly prescriptive' approach to vulnerability

Considered prescribing how firms should support ‘vulnerable consumers’

Isabel Baxter
clock 30 June 2025 • 2 min read
Targeted support: 38,000 current advice users expected to switch

Targeted support: 38,000 current advice users expected to switch

Firms could generate up to £499 in revenue per customer

Isabel Baxter
clock 30 June 2025 • 4 min read