Snorvey wrote:The Pensions Regulator (TPR) has issued a £2,000 fine to none other than the Financial Conduct Authority (FCA), over failures in its pension scheme governance.
In an online notice describing fines it has issued against pension schemes large and small, TPR said it had issued the fine against the FCA Pension Plan for its failure to produce a compliant 'chair's statement'.
The penalty is listed under the period 1 July to 30 September 2019, but it is not yet clear when the FCA's breach of the regulations surrounding occupational pension schemes actually took place. Nor is it clear precisely what breach led TPR to take action.
https://citywire.co.uk/new-model-advise ... el-adviser
Far too much to expect a transparent notice from the FCA ........
regards, dspp