Regulatory Risk

Pensions  ·  4 min read

TPR Regulatory Engagement: The Cost Difference Between Finding Gaps Yourself and Having Them Found

The Pensions Regulator's supervisory approach is increasingly risk-based and data-driven. Schemes that identify compliance gaps proactively and address them before supervisory contact are in a fundamentally stronger regulatory position than those that discover gaps through enforcement. The cost differential between the two outcomes is substantial, and the personal trustee liability dimension makes it more acute.