The Pensions Regulator (TPR) has issued four escalating penalty notices carrying a daily fine of between £50 and £10,000 against businesses that have failed to comply with their auto-enrolment (AE) obligations.
Figures from the regulator also revealed a 20% quarter-on-quarter increase in the number of firms that have been issued fixed penalty notices of £400 from 166 to 198. The watchdog used its AE powers...
And other investors
Consultation closes on 30 October
Sent to retirement savers at age 50
Expanding the 'regulatory perimeter'
Defined contribution (DC) drawdown providers will have to offer non-advised consumers investment pathways from August 2020, the Financial Conduct Authority (FCA) has said.
As they approach retirement
Unintended risk concentrations
PFS members learning through online portal
Business model will not change
Follows extended period of underperformance