TPR's use of frontline powers jumps by 32%, but four targets missed

Published on Thursday (18 July), TPR noted this was before including enforcement powers related to automatic enrolment (AE), with almost 50,000 fines issued for AE non-compliance over the 2018/19 year. The annual report revealed information-gathering powers were exercised 154 times; trustee appointment powers 593 times; financial penalties were issued to 59 schemes for not completing scheme returns; and mandatory penalty notices were issued 286 times for failure to complete chair's statements, or where those were inadequate. Another 14.7% of schemes were subject to a risk-targeted regula...