Are there pensions regulators?

Are there pensions regulators?

The Pensions Regulator (TPR) We protect the UK’s workplace pensions. We make sure employers, trustees, pension specialists and business advisers can fulfil their duties to scheme members.

Where is the pension regulator?

We’re based in Brighton and have around 800 staff. We work closely with the Financial Conduct Authority who regulate personal pension schemes. We also work closely with other public bodies including: DWP.

How do I complain about the pension regulator?

If you can’t report your concerns online, you can use telephone, email or post.

  1. Phone: 0345 600 7060.
  2. Email: [email protected].
  3. Write to: The Information Team, The Pensions Regulator, Napier House, Trafalgar Place, Brighton, BN1 4DW.

Are pensions regulated by the FCA?

The FCA regulates the sale and marketing of all stakeholder pension schemes and all personal pension schemes, including group personal pensions and self-invested schemes (SIPPs). The FCA authorises firms that provide and operate schemes and also regulates firms that give advice to consumers about these schemes.

Who regulates pensions in the UK?

The Pensions Regulator (TPR)
The Pensions Regulator (TPR) is the UK regulator of work-based pension schemes. It works with trustees, employers, pension specialists and business advisers, giving guidance on what is expected of them.

Who regulates BT pensions?

BT Pension Scheme Management (BTPSM) is a wholly-owned subsidiary of the Scheme. It is a regulated entity and authorised by the Financial Conduct Authority (FCA).

Who can I complain to about my pension?

The Pensions Ombudsman deals with complaints and disputes about the administration and/or management of occupational and personal pension schemes. You need to contact The Pensions Ombudsman about a complaint within three years of the event(s) you’re complaining about happening.

What happens if you are reported to the pensions regulator?

You, the employer, are responsible for meeting your legal duties for automatic enrolment. If you don’t comply, you may face enforcement action including compliance notices, and penalty notices (fines). If you receive a penalty notice, you can pay your fine online.

Who regulates occupational pension schemes?

the Pensions Regulator
Occupational pension schemes are regulated by the Pensions Regulator and generally fall into three categories: Defined benefit (DB) schemes (many of these are final salary schemes).

Who do I complain to about my pension?

Can I move my BT pension?

No. Once we’ve paid the value of your BTPS benefits to another pension scheme, we can’t reverse the payment. That’s why it’s so important to make sure you think through all the pros and cons of transferring before deciding to go ahead.

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