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...

To continue reading this article...

Join Professional Adviser for free

  • 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

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Lords warns financial services bill could weaken regulators' accountability

Lords warns financial services bill could weaken regulators' accountability

Open letter to investment minister

Michael Nelson
clock 19 June 2026 • 2 min read
Designing bereavement around people, not paperwork: Surviving the FCA review

Designing bereavement around people, not paperwork: Surviving the FCA review

Only 47% of bereaved families feel adequately supported by financial firms

Lisa Lund
clock 18 June 2026 • 6 min read
Rathbones review puts FCA client cash crackdown in the spotlight

Rathbones review puts FCA client cash crackdown in the spotlight

Wider implications for the DFM sector

clock 18 June 2026 • 5 min read