The Pensions Regulator

Trustee fines – who pays?

Nadia Karavias

The Pensions Regulator has imposed fines on the trustees of Pakistan International Airlines’ pension scheme (£500 each for failure to provide audited accounts for two years), and on the trustees of six schemes for failure to comply with the content requirements of the Chair’s statement. Potential fines are a frequent concern for trustees: who pays Read More

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Information gathering powers – the risk of non-compliance

Caroline Overton

For those of us working in the occupational pensions arena, Brighton Magistrates’ Court is not where we typically expect to see a pensions dispute play out. However, recently we saw rich coverage of Dominic Chappell’s four days in that very establishment, culminating in a criminal conviction for failing to provide information to the Pensions Regulator, Read More

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TPR and the BHS pension schemes – (not quite) the last word…

Caroline Overton

The settlement agreement reached in relation to the BHS pension schemes, followed by the publication last week of the Pensions Regulator’s regulatory intervention report, may mark the end of the long-running, high-profile BHS pensions saga. This is therefore an appropriate moment to take a step back and consider what these milestones mean in practice. Read More

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Financial Support Directions: issues for banks and lenders

Jason Shaw

With the high profile collapse of BHS and two subsequent Parliamentary inquiries, the role and powers of the Pensions Regulator have come under close scrutiny since the second half of 2016. This spring, the government is planning to issue a discussion paper on various issues related to defined benefit pension schemes; it is perhaps no Read More

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Intra-group secondments and pension liabilities

Däna Burstow

Intra-group secondment arrangements could give rise to a liability to contribute to a deficit in a defined benefit pension scheme – that’s the (possibly surprising) conclusion of a recent Court of Appeal ruling. Read More

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