Enhanced powers for The Pensions Regulator (TPR) to prosecute and fine company directors who "wilfully or recklessly" put their defined benefit (DB) pension scheme at risk will be hard to enforce, commentators say.
The powers, confirmed in a white paper published by the Department for Work and Pensions (DWP) today, could also see company directors disqualified, with the watchdog using strengthened anti-avoidance...
Consumer complaints against firms for misadvised DB transfers also rising
Changed in November last year
The question is: what is the right thing to do?
Admits past failings
Launched new firm at 25
Asking for apology
Ceremony online 15 December
Schroders scrapes £75m for British Opportunities Trust as UK smaller companies launches fail to entice
Schroders 'faces headwinds'
Scheme extended to 31 March 2021