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The Pensions Regulator (TPR) has published a report on some schools and the Teachers’ Pension Scheme submissions of the End of Year Certificates. The report shares how TPR engaged with employers to understand why they hadn’t complied with their obligations. Unfortunately the Administrator, even after contacting three local authority schools and 40 non-local authority schools to request their data, were left with no choice but to inform TPR of their failures to submit by the due date. It meant the Administrator couldn’t reconcile the membership and credit the contributions to the scheme for 2014/15, nor could they meet their Administrator obligations to maintain the scheme records.
You can read about TPR’s cases and more importantly their findings as to why non-compliance occurred here -
The main reasons for non-compliance was due to a lack of knowledge, so if you are unsure of your obligations please contact your Administrator to seek assistance.Contact us
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Armstrong Watson Financial Planning Limited is authorised and regulated by the Financial Conduct Authority. Firm reference number 542122. Registered as a limited company in England and Wales, number 7208672. The registered office is 15 Victoria Place, Carlisle, CA1 1EW. Armstrong Watson Financial Planning & Wealth Management is a trading style of Armstrong Watson Financial Planning Limited.
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