TPR to seize business assets for unpaid fines

Includes non-compliance with AE

James Phillips
clock • 2 min read

The Pensions Regulator (TPR) has warned it will seize assets from employers who fail to pay fines relating to their schemes in a further strengthening of its enforcement activity.

The watchdog has appointed High Court Enforcement Officers (HCEOs) in England and Wales, as well as their equivalents in Scotland and Northern Ireland, to enforce court orders where employers have been told to pay penalty notices. These will include for non-compliance with auto-enrolment (AE), as well as fines issued for chair's statements and scheme return offences. Those who fail to pay could see assets, such as employers' vehicles, seized from business premises up to the value of the unpaid fine. This can be done through forced entry to the premises, unlike bailiffs. The warning...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Pensions

Pension freedoms and lessons from Down Under

Pension freedoms and lessons from Down Under

How the UK can build a more 'robust and supportive' system

Verona Kenny
clock 09 April 2025 • 4 min read
UK workers regret not learning about pensions sooner

UK workers regret not learning about pensions sooner

Over half admit to feeling out of their depth, research finds

Isabel Baxter
clock 08 April 2025 • 2 min read
Why is it so difficult to switch a pension? Navigating the transfer maze

Why is it so difficult to switch a pension? Navigating the transfer maze

‘If I didn’t work in pensions, I might have simply given up on many occasions

Lisa Picardo
clock 08 April 2025 • 4 min read