Pensions Regulator Reveals Scope Of Enforcement Action
Law360, London (June 12, 2020, 4:38 PM BST) -- The Pensions Regulator used its enforcement powers more than 35,000 times in the first three months of the year, targeting companies mostly for failing to properly enroll staff in workplace pensions, according to an update published Friday.
TPR said the 35,174 times it acted reflects the powers it used in the months before it introduced measures "to help employers and pension schemes through the challenges caused by COVID-19." The regulator said in March that it would take a relaxed approach to enforcement against employers over delays to auto-enrollment in workplace pension schemes during the crisis.
The figure for the first quarter of the...
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