The role of the Pensions Regulator (TPR) is to oversee workplace pension schemes.
This includes:
TPR has certain powers to put things right, to help protect
members' benefits. These include:
- issuing improvement notices, which require action to be taken
within a certain time;
- the power to recover unpaid contributions;
- issuing a 'freezing order', to stop a scheme from winding up;
- removing trustees it does not consider fit and proper to act as
trustees;
- appointing trustees to a pension scheme, in certain
circumstances;
- imposing fines; and
- taking cases to the criminal courts.
TPR can also take action if it believes that an employer is
deliberately trying to avoid its pension obligations.
To help pension schemes comply with the law, TPR publishes
guidance and codes of practice, giving practical information how
pension schemes should be run.
TRP also oversees automatic enrolment.
Click
here for more information about automatic
enrolment.
If you are concerned about the way your employer is managing
your workplace pension scheme or dealing with automatic enrolment,
you can contact TPR.
To visit TPR's website, go to www.thepensionsregulator.gov.uk.