In our latest blog, Andrew Warwick-Thompson, executive director for regulatory policy, talks through the top three measures to make pension scamming as difficult as possible for the criminals who prey on consumers’ pension pots.
We recently took action to support the Teachers’ Pension Scheme to ensure all employers connected to the scheme had submitted their End of Year Certificates. This happened because a number of employers had failed to submit their certificates on time.
By engaging with the employers to establish why they were not complying with the law, and helping them meet their duties, we did not have to use our powers in this case.
Read our latest analysis examining how the first schemes undertaking valuations
after our revised DB code of practice and new statutory objective came into
force have responded to our expectations.
Our analysis focuses on schemes whose valuation dates fell between September
2013 and September 2014, and sets out our conclusions on how trustees and
employers have behaved in light of the revised code and relevant Annual Funding
New AE blog post: The AE job is far from complete
Charles Counsell, automatic enrolment executive director, looks back at some negative AE prophecies that haven’t come to light, but also acknowledges the ongoing challenges and our determination to continue to make AE a success.
Over the year, we’ll be steering more than 700,000 small and micro employers through their duties.
Read more about the other challenges to come in the blog.
Declaration of compliance numbers: 400k employers
Over 400,000 employers confirmed to us they have met their duties by completing their declaration of compliance up to the end of January 2017.
7,665 employers completed their re-declaration of compliance during the same period.
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