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The Pensions Regulator (TPR) has issued a contribution notice (CN) for more than £2 million against a former overseas parent company and has reached a settlement with the ex-chief executive for £130,000.
Lock ‘em up? The Pensions Regulator’s new criminal powers From 1 October 2021, The Pensions Regulator (TPR) will have new criminal powers to bolster its anti-avoidance arsenal, but what does it really mean for those involved with the running of pension schemes? The new powers allow TPR to investigate and prosecute any person who avoids an employer debt, anyone who does (or doesn’t do) something which would prevent pension scheme members from receiving their benefits in full, and anyone who does not comply with a contribution notice issued under Section 38 of the Pensions Act 2004. Anyon...