Highlights from TPR's latest newsletter
The Pensions Regulator (TPR) has issued its latest newsletter which covers the following areas:
· New plans to Protect pension savers - New measures have been announced by TPR to protect savers and improve member outcomes by ensuring they are in well run schemes able to deliver good value. Details can be found at:
www.thepensionsregulator.gov.uk/en/media-hub/press-releases/2020-press-releases/new-plans-to-protect-pension-savers
· A new report shows more than 16 million people have saved £38.5 billion into master trusts - with nine out of 10 people saving into the largest master trusts with the number of defined contribution (DC) pension schemes having fallen by 12% since last year.. Details can be found at:
www.thepensionsregulator.gov.uk/en/media-hub/press-releases/2020-press-releases/pensions-made-safer-as-9-out-of-10-save-into-the-largest-master-trusts
· Compliance spot checks are being carried out by TPR on some of the UK’s largest employers to ensure thousands of staff continue to receive the pensions they are due. Details can be found at:
www.thepensionsregulator.gov.uk/en/media-hub/press-releases/2020-press-releases/spot-checks-on-large-employers-to-protect-savers
Details of all press releases can be found at:
www.thepensionsregulator.gov.uk/media-hub/press-releases which also includes information on prosecutions taken out
For those interested in assisting with the development of TPR’s new single code of practice, they are running an online test to enable them to understand how people navigate to different topics. This will help them to design the code of practice so that it is as easy as possible for people to find what they’re looking for. The online test will take no longer than 10 minutes to complete and can be found here:
https://nomensaia.optimalworkshop.com/treejack/8xe12cto
