TPR fines FCA over non-compliant pension scheme

The pensions watchdog revealed the fine was issued between 1 July and 30 September last year. The fine, which is the highest TPR can levy for this type of breach, related to the 2018 chair's statement. Chair's statements must be produced within seven months of the end of each scheme year and be signed off by the chair of trustees. PA's sister brand Professional Pensions understands the scheme had not provided enough detail on trustee training, on fund managers' cost and charges for default and non-default strategies, or a date when the most recent investment strategy had taken place. ...