Pensions regulator confirms criminal policy to 'deter' bad behaviour

Range of policies come into force on 1 October as TPR seeks views on yet more powers

James Phillips
clock • 3 min read

The Pensions Regulator (TPR) has issued an updated policy and code of practice on how it will use its criminal enforcement powers, with a hope that they will act primarily as a deterrent to wrongdoing.

It has also issued a further consultation on three draft policies relating to overlapping powers, monetary penalty powers, and information gathering powers. The criminal offences policy follows a six-week consultation and outlines how the watchdog will respond to the avoidance of employer debt, and conduct which risks accrued scheme benefits. The final version - published just two days before the powers come into force on 1 October - comes after industry concerns were raised about the scope and clarity of the powers. A PwC survey conducted earlier this year found that nearly two-th...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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