TPR to seize business assets for unpaid fines

Includes non-compliance with AE

James Phillips
clock • 2 min read

The Pensions Regulator (TPR) has warned it will seize assets from employers who fail to pay fines relating to their schemes in a further strengthening of its enforcement activity.

The watchdog has appointed High Court Enforcement Officers (HCEOs) in England and Wales, as well as their equivalents in Scotland and Northern Ireland, to enforce court orders where employers have been told to pay penalty notices. These will include for non-compliance with auto-enrolment (AE), as well as fines issued for chair's statements and scheme return offences. Those who fail to pay could see assets, such as employers' vehicles, seized from business premises up to the value of the unpaid fine. This can be done through forced entry to the premises, unlike bailiffs. The warning...

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

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Pensions

Pensions gender gap: A low-profile injustice that deserves more attention

Pensions gender gap: A low-profile injustice that deserves more attention

'Pensions are one of the few financial products where time is the single biggest driver of outcome'

Jessica Cook
clock 24 August 2026 • 4 min read
Advisers place focus on retirement support as providers lack 'meaningful' engagement

Advisers place focus on retirement support as providers lack 'meaningful' engagement

People’s Pension poll shows 54% of IFAs say providers struggle to create ‘meaningful’ engagement

Martin Richmond
clock 19 August 2026 • 3 min read
Pensioner poverty has risen for more than a decade, warns LCP

Pensioner poverty has risen for more than a decade, warns LCP

Single and divorced pensioners most affected and should be focus for future policy

Alex Levy
clock 18 August 2026 • 4 min read