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Regulatory and enforcement strategies and policies

Our strategies and policies relating to regulation, supervision, compliance and enforcement.

Automatic enrolment compliance and enforcement

Automatic enrolment compliance and enforcement strategy PDF 161KB , 27 pages
Provides a framework for our regulatory approach, and explains the various options available to us to maximise employer compliance.
Compliance and enforcement policy PDF 684KB , 62 pages
Explains our approach to minimising non-compliance with the duties and safeguards, and associated legislation.

If employers fail to comply, we have various powers available to us, such as issuing a compliance or penalty notice. Employers can ask for a review of these notices.

For more information go to appealing an enforcement notice.

Defined benefit schemes

Defined benefit regulatory strategy PDF 170KB , 13 pages
Sets our our approach to regulating trust-based defined benefit (DB) occupational pension schemes
Defined benefit funding regulatory and enforcement policy PDF 270KB , 34 pages
Our approach to regulating the statutory funding requirements as set out by, and under, Part 3 of the Pensions Act 2004 for trust-based DB occupational pension schemes.

Defined contribution schemes

DC compliance and enforcement policy PDF 240KB , 20 pages
In relation to occupational defined contribution trust-based pension schemes.

Master trust schemes

Master trust schemes supervision and enforcement policy PDF 223KB , 23 pages
Sets out our supervision and enforcement approach for master trusts once they are authorised.

Public service pension schemes

Public service pension schemes regulatory strategy PDF 166KB , 13 pages
Regulating governance and administration in public service pension schemes.
Public service pension schemes compliance and enforcement policy PDF 249KB , 23 pages
Describes our expectations for compliance with relevant legal requirements and how we will proceed in cases of non-compliance, including when we may use our enforcement powers.

Prosecution and penalties

Criminal offences policy: sections 58A and 58B of the Pensions Act 2004
Our approach to the investigation and prosecution of the criminal offences in sections 58A and 58B of the Pensions Act 2004.

Settlement policy
Our approach for negotiation and concluding settlements of our regulatory or civil enforcement action.

Monetary penalties policy
How we use our powers to impose monetary penalties.

High fines policy (avoidance)
Our approach to avoidance, dealing with avoidance-type penalties and failure to pay a contribution notice issued under section 38 of the Pensions Act 2004.

High fines policy (information requirements)
Our approach to information requirements, dealing with penalties for breaches of the notifiable events regime and penalties for providing us or a trustee with false and misleading information.

Prosecution policy PDF 157KB , 9 pages
Explains how we will use our prosecution powers
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