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Regulatory intervention reports

Reports about cases where we have used, or considered using, our regulatory powers.

This is part of our commitment to being open and transparent in our regulatory activities.

How we publish information about cases

This guide sets out our approach to publishing information under section 89 of the Pensions Act 2004 about regulatory and enforcement decisions:

Reports

Merchant Navy Ratings Pension Fund - Regulatory intervention report
Updated: May 2022
Highlighting the governance standards we expect of trustees and the action we will take when the required standards are not met.

Dosco Overseas Engineering Limited - Regulatory intervention report
Published: March 2022
How we used our anti-avoidance powers in relation to a management buyout in 2013 of an engineering business from its German parent company. 

Keytec (GB) Limited - Regulatory intervention report
Published: July 2021
How we worked with Keytec (GB) Limited, its parent company Turbon AG, and the pension scheme trustees to reach a settlement that achieved the best possible outcome for members without the need for us to use our anti-avoidance powers. 

Sanofi Section of the Sanofi Pension Scheme - Regulatory intervention report
Published: June 2021
How we worked with Sanofi SA and the trustees to reach a settlement that achieved the best possible outcome for members without the need to use our anti-avoidance powers.

Focusplay Retirement Benefits Scheme - Regulatory intervention report
Published: March 2021
Summarises our fraud prosecution and joint working with partner agencies against an accountant who abused his position.

Silentnight Group DB Scheme - Regulatory intervention report
Published: March 2021
How we used our anti-avoidance powers when a defined benefit (DB) scheme was severed from its sponsoring employer.

Yateley Industries for the Disabled Pension and Assurance Scheme - Regulatory intervention report
Published: February 2021
This report shows how we began confiscation proceedings under the Proceeds of Crime Act 2002 to recover money misappropriated in a fraud.

National Institute of Agricultural Botany pension scheme - Regulatory intervention report
Published: August 2020
In this case we considered using our anti-avoidance powers as the pension scheme was at risk as a result of a historic organisational restructure. After months of settlement discussions and the issue of a Warning Notice, the pension scheme is now in a much stronger position and has two statutory employers.

Bernard Matthews Limited - Regulatory intervention report
Published: July 2020
Summarises our investigation into the circumstances leading to the scheme’s entry to the Pension Protection Fund after the company’s insolvency, and why we didn’t use our anti-avoidance powers.

House of Fraser - Regulatory intervention report
Published: February 2020
The investigation into the House of Fraser following its collapse and our decision not to use our anti-avoidance powers after its business and assets were sold to a company owned by Sports Direct in a pre-pack agreement. 

Arcadia Group Limited - Regulatory intervention report
Published: January 2020
The company voluntary agreement (CVA) undertaken by Arcadia Group in 2019 and what we expect of employers in CVA scenarios and the principles we will assess them against.

London Borough of Barnet Superannuation Fund - Regulatory intervention report
Published: October 2019
Our first ever Improvement Notice sent to a public service pension scheme solely focused on internal control failures. As a result of our intervention the scheme manager introduced robust internal controls and no further action was taken.

Moore Stephens Pensions Master Trust and autoenrolment.co.uk - Regulatory intervention report
Published: September 2019
The First-Tier Tribunal's decision that penalties should be imposed in two separate cases after trustees appealed the chair’s statement fines we issued in 2018.