Work based pension schemes must submit a form to TPR on a regular basis to help TPR assess possible risks. TPR requires that:
- trustees, employers and all involved with a scheme’s administration act as
- ‘whistle-blowers’ and report any significant breaches of the law to them, or face sanctions;
- trustees or scheme managers notify TPR of any changes to ‘registrable’ information, such as the scheme’s address, details of trustees, or the types of benefit provided by the scheme; and
- it is notified when a scheme is unable to comply fully with the scheme funding framework (i.e. if a scheme has a shortfall).