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...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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