The Pensions Regulator's (TPR) enforcement activity hit a record high in 2017/18 after it intervened in twice as many cases as the previous year, research has found.
Between 1 April 2017 and 30 March 2018, TPR undertook about 102,000 enforcement actions, almost exactly double the 50,000 its activity in 2016/17, and representing 63% of all enforcement action since April 2013, research from law firm Clyde & Co revealed. The watchdog also received nearly 5,000 whistleblowing reports, up more than a third on the previous year, while also dishing out £11.5m of fixed penalty notices (£4.9m in 2016/17). The 2017/18 period includes the end of the rollout of automatic enrolment (AE), with the final small and micro-employers staging by February this year. ...
To continue reading this article...
Join Professional Adviser
Signup and gain exclusive members-only insights
- 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.
