Your browser is out of date, and unable to use many of the features of this website

Please upgrade your browser.

Ignore

Notifiable events data between 2013 and 2018

FOI reference - FOI 2018-08-21(b)
Date - 21/08/2018

Request

How many notifiable events under code of practice 2 has the regulator been made aware of in the following financial years; 2013-14, 2014-15, 2015-16, 2016-17, 2017-18.

How many times the regulator has had to seek explanation for failure to notify in the following financial years; 2013-14, 2014-15, 2015-16, 2016-17, 2017-18.

The total value of penalties issues for failure to notify of a notifiable event in the following financial years; 2013-14, 2014-15, 2015-16, 2016-17, 2017-18.

Response

I can confirm that we hold information in the scope of your request.

Information we are able to supply

The Pensions Regulator (TPR) has been made aware of the total of 4,042 notifiable events in the given financial years.

When TPR is aware of the other party having failed to notify of certain notifiable events, explanation may be sought through Customer Support. However, when we believe there may be basis for enforcement, an enquiry / case is opened by TPR. A total of five enquiries and one case into breach of section 62 of the Pensions Act 2004 (failure to notify) were opened in the years 2016-17 and 2017-18.

Out of the six entities (enquiries / cases), two enquiries reached a power of execution stage with a total of £400 in fines being issued in 2017-18.

I have broken down the information as follows:

2013-14 2014-15 2015-16 2016-17 2017-18 Total
Notifiable events 625 720 668 890 1,139 4,042
Enquiries / cases Data not held 1 0 1 4 6
Value of penalties Data not held 0 0 0 £400 £400