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

'We have better oversight'

Kim Kaveh
clock • 3 min read

The Pensions Regulator (TPR) increased its use of frontline powers by 32% over the last year, it confirmed in its annual report and accounts.

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...

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