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The Pensions Regulator (TPR) has repeated its warning to trustees of defined contribution (DC) schemes to comply with pensions law or face a fine.The alert comes after the trustees of two schemes - New Station Bodyworks Ltd Retirement Benefit Scheme and M Holleran Ltd Pension Plan - were ordered to pay a fine for failing to provide a scheme return. TPR has issued a regulatory intervention report about the action taken.The trustees or managers of registrable schemes are required by law to provide TPR with a scheme return.It provides vital information on schemes and is a basic administrative requirement of any trustee. It also allows trustees to confirm that they are complying with new DC governance standards. |
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