TPR's fines for collapsed firms that miss DC contract contributions branded 'pointless'

clock

The Pensions Regulator's (TPR) power to fine collapsing companies which fail to pay into their contract-based defined contribution (DC) schemes is "pointless", a lawyer warns.

This comes after deputy Pensions Ombudsman (PO) Jane Irvine (pictured) ruled that Elton Games should pay two members the contributions it missed before the firm went to the wall, but only if it had...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Law and Regulation

Access and Brunel pooling plans rejected by government

Access and Brunel pooling plans rejected by government

Local government funds told to explore options to merge with other pools

Jonathan Stapleton
clock 14 April 2025 • 3 min read
TPR formally extends its oversight to professional trustee firms

TPR formally extends its oversight to professional trustee firms

Watchdog says move will help identify and mitigate any risks to pension savers

Martin Richmond
clock 02 April 2025 • 2 min read
FCA thinking on using pension pots for house deposits 'a welcome development'

FCA thinking on using pension pots for house deposits 'a welcome development'

Regulator ponders the merits of radical thinking on pension savings

Jonathan Stapleton
clock 01 April 2025 • 4 min read
Trustpilot