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TPR: Upper Tribunal upholds £1 87m Meghraj pension ruling

News analysis, case studies and informed comment on the challenges facing UK pension schemes, from Pensions Expert, a DG Publishing service

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Tribunal backs TPR for GBP2m to be paid back into pension

Tribunal backs TPR for GBP2m to be paid back into pension
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Upper Tribunal upholds TPR contribution notice decision

The Upper Tribunal (UT) has upheld a decision by The Pensions Regulator (TPR) to issue a contribution notice (CN) for nearly £2m to be paid into a pension scheme.

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Almost £2 million to be paid to pension scheme after tribunal backs TPR decision - London Business News

Almost £2 million to be paid to pension scheme after tribunal backs TPR decision - London Business News
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TPR on the warpath — two recent cases in profile

As the pensions industry is aware – due to constant updates, webinars and, even in some cases, direct intervention – the Pension Schemes Act 2021 widened the circumstances in which The Pensions Regulator (TPR) can use its moral hazard powers (principally contribution notices (CNs) and financial support directions) and granted TPR stronger powers to investigate and sanction wrongdoing.

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