Sections

The Pensions Regulator

Regulatory activity

Regulatory activity

Prohibition of trustees

Criteria for ‘fit and proper persons’

What standards of financial soundness does the regulator expect?

The Pensions Regulator will not generally make enquiries into the financial standing of trustees as long as they have not been declared bankrupt, which is a matter for disqualification under the Pensions Act 1995.

However, if it came to the regulator's notice that a trustee that was a company, while not insolvent, was in such a financial position that it could not afford indemnity insurance, or was otherwise in severe trading difficulties, then we might consider its prohibition.

Find out more.

What standards of honesty and integrity does the regulator expect?

What standards of competence and capability does the regulator expect?