TPR gets 100 tip-offs on firms pushing pension opt-outs

The watchdog has seen an increasing number of such allegations made, and more than half of these allegations were made in the period from 1 April 2017 to 31 March 2018 when they totalled 64, it said in response to a freedom of information request. Inducing staff to opt out of their auto-enrolment (AE) pension scheme, or cease paying contributions, without them then joining another qualifying scheme, is illegal under section 54 of the Pensions Act 2008, regardless of whether such inducement is successful. Where found, the culprits face a fine set by the regulator - in the form of fixed...