TPR issues first fine over chair's statement

Michael Klimes
clock • 3 min read

The Pensions Regulator (TPR) has issued its first fine over a scheme failing to prepare an annual governance statement signed by the chair of trustees.

The trustee of Abbey Manor Group Pension Scheme received the minimum mandatory £500 fine for being in breach of the law. In a change from last year, defined contribution (DC) trustees must now p...

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