Following the Parliamentary inquiry into the collapse of Carillion in May 2018, members of British Parliament described The Pensions Regulator (TPR) as “feeble.” Just over a month later, TPR announced it was considering issuing a contribution notice against former Carillion directors—a legally enforceable demand for a financial contribution to the company’s pension deficit.
Since then, TPR has ramped up its compliance and enforcement actions. In the courts, it has brought prosecutions against 23 individuals or organizations in 2017-2019 for failure to provide information, willful non-compliance with automatic enrollment duties, and providing false or misleading information to TPR, as well as fraud.
