Skip to main content

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

Please upgrade your browser.

Ignore

This website requires cookies. Your browser currently has cookies disabled.

Set your privacy preferences

We use necessary cookies to make our website work. Cookies are small files stored on your device. We also use optional cookies to improve our services and tell us if you have seen our advertising. The data we collect is anonymised. Are you happy to accept these cookies?

Reasons for TPR issuing a fixed penalty notice

FOI ref - FOI-5772
Date - 26 April 2021

Request

1. What have been the top 10 reasons for issuing a FPN [fixed penalty notice] in the last 12 months (or, if not available, the same information relating to the most current alternative time period available).

2. How many fines have been issued in the last 12 months for the following breaches:

  • failing to submit the scheme return on or before the return date
  • failing to notify as soon as reasonably practicable that a scheme has ceased to be a registrable scheme or has been wound up
  • failing to notify that a registrable scheme has been established, or that an occupational or personal pension scheme has become a registrable scheme, within the required timeframe
  • failing to provide members with a statutory money purchase illustration within the required timeframe
  • failing to comply with an improvement notice or third-party notice directing a person to take steps to comply with their duties under Part 3 of the Pensions Act 2004
  • reimbursing a trustee out of the assets of a scheme in breach of legislative restrictions
  • trustees of a ‘relevant scheme’ failing to secure that core financial transactions are processed promptly and accurately

Response

I can confirm that we hold the information you have requested.

Information we are able to supply

1. The reasons for issuing an FPN in the last 12 months are as follows:

  1. Failure to declare automatic enrolment compliance with TPR
  2. Failure to maintain timely pension scheme contributions
  3. Complete failure to carry out automatic enrolment
  4. Failure to respond to a request for information under Section 72 of the Pensions Act 2008
  5. Failure to carry out a particular component of automatic enrolment (other than declaring compliance)
  6. Fraud

2. How many fines have been issued in the last 12 months for the following breaches:

  1. Failing to submit the scheme return on or before the return date = 1
  2. Failing to notify as soon as reasonably practicable that a scheme has ceased to be a registrable scheme or has been wound up = 0
  3. Failing to notify that a registrable scheme has been established, or that an occupational or personal pension scheme has become a registrable scheme, within the required timeframe =0
  4. Failing to provide members with a statutory money purchase illustration within the required timeframe = 0
  5. Failing to comply with an improvement notice or third-party notice directing a person to take steps to comply with their duties under Part 3 of the Pensions Act 2004 = 0
  6. Reimbursing a trustee out of the assets of a scheme in breach of legislative restrictions = 0
  7. Trustees of a ‘relevant scheme’ failing to secure that core financial transactions are processed promptly and accurately = 0
Back to top