Latest Blogs
Popular News
-
Hargreaves Lansdown hits landmark 2m clients
Investment platform and SIPP provider Hargreaves Lansdown has notched up its milestone 2 millionth client and has also seen record assets under management, according to its 2025 Annual Report.
-
Failed SIPP firm clients updated ahead of legal judgment
Clients of failed SIPP provider Hartley Pensions Limited - who have had funds ring-fenced - have been given an update from joint administrators UHY Hacker Young ahead of a legal judgment expected in late October.
-
JPMorgan to replace Nutmeg with new investment platform
JPMorgan is to launch a retail wealth management and investment business with its own DIY investment platform next month.
-
5 year gap between dream retirement age and expectation
While people dream about retiring at 62 they do not expect to be able to retire until they hit 67, according to new research.
-
Sales of escalating annuities surge
Sales of escalating Guaranteed Income for Life annuities that have some inflation protection, accounted for a fifth of all sales in 2024/25 and have increased by 17% year-on-year.
Regulator begins company name and shame operation
Employers taken to court for failing to pay fines for workplace pension non-compliance are being made public on a new list published in a quarterly bulletin.
For the first time TPR has revealed the details of every organisation that it has secured a court order against over automatic enrolment responsibilities.
In each case the employer had been issued with an escalating penalty notice (EPN) by TPR for non-compliance but had failed to pay it.
Separately TPR has published the details of every employer that continues to ignore its automatic enrolment responsibilities despite having been issued with – and having paid – an EPN.
For employers who remain non-compliant with auto-enrolment duties, the regulator warned it “may consider taking additional enforcement action against them, including prosecution in appropriate cases”.
TPR hopes the name and shame list will highlight the importance of employers meeting their automatic enrolment requirements, emphasising the large fines that can be imposed on employers if they don’t.
The two lists being published today include organisations spread across the UK, from the north of Scotland to the south of England. It features small and medium-sized firms, across a range of industries and sectors.
Charles Counsell, TPR’s executive director of automatic enrolment, said: “Employers who wilfully refuse to become compliant should be in no doubt that we will take enforcement action against them, as these lists show.
“Automatic enrolment is not an option, it is the law. Allowing some employers to get away with non-compliance is not fair on the employees who are denied the workplace pensions they are entitled to and is not fair on the vast majority of businesses who have taken the time to meet their responsibilities.
“To date we have only had to bring court proceedings against a tiny proportion of employers, but every court case is one too many – and one that employers can easily avoid by becoming compliant.”
Updated lists will be published each quarter, alongside the publication of the compliance and enforcement quarterly bulletin.