Watchdog fines Now Pensions trustee £70,000; imposes deadline to fix administrative issues

Victoria Tichá
clock • 3 min read

The trustee of master trust Now Pensions has been fined and given a set of stringent deadlines to fix long-running pension scheme issues, The Pensions Regulator (TPR) announced today.

The master trust will be required to act and resolve its persistent failings, which have occurred over a number of years, and have led to some members' savings not being collected from employers an...

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

Government confirms no compensation will be paid to Waspi women over state pension age changes

Government confirms no compensation will be paid to Waspi women over state pension age changes

DWP finds delays to communicate state pension changes did not amount to financial loss

Martin Richmond
clock 17 December 2024 • 5 min read
ACA, APL and SPP issue update on Virgin Media case

ACA, APL and SPP issue update on Virgin Media case

Tripartite working party urges DWP to regulate to allow retrospective amendments

Jonathan Stapleton
clock 17 December 2024 • 2 min read
Robin Ellison – We are all professionals now

Robin Ellison – We are all professionals now

PP’s regular columnist asks if we should really expect all sellers to have a fiduciary duty

Robin Ellison
clock 12 December 2024 • 10 min read
Trustpilot