Huge rise in complaints about workplace pensions as employees warned to ‘check now’...

  • 📰 TheSun
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 61%

United Kingdom Headlines News

United Kingdom Latest News,United Kingdom Headlines

How to track down lost pensions worth £1,000s

have leapt up in the last year, new figures revealed in a Freedom of Information request by The Sun to The Pensions Regulator show.TPR, which oversees workplace pensions, received 9,487 "whistleblowing reports" between January 2023 and February this year, the FOI found.In the year 2022/23, just seven complaints were recorded, although it is understood TPR changed the criteria for reports during that period.

Experts are now urging workers to ensure they are in their workplace scheme and to check their pension contributions are correct. "So, I would encourage anyone who has been deprived of their right to a pension to make a complaint to TPR, which has the power to fine firms who do not comply with the law”.Since October 2012, employers have had to enrol their staff into workplace pension schemes as part of a government initiative to get people to save more for retirement.

However, they added that TPR may also write to the company in question and resolve the issue without needing to launch a formal investigation. "Greater transparency and guidance over the kind of complaint that is likely to be investigated and the kind that isn't could be helpful to people working out whether they should pursue it."How can I complain to TPR if I have concerns about my pension scheme?

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 64. in UK

United Kingdom Latest News, United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Martin Lewis warns millions of drivers risk £1,000 DVLA fine due to often-forgotten licence ruleMartin Lewis warns car, van or motorbike owners they could be owed £1,000s
Source: TheSun - 🏆 64. / 61 Read more »

I made a common move to simplify my pension but it ended up COSTING me £2,000 – mistake to avoid or risk lo...How to track down lost pensions worth £1,000s
Source: TheSun - 🏆 64. / 61 Read more »

Urgent warning over rip-of pension charges that could cost you THOUSANDS in retirement...How to track down lost pensions worth £1,000s
Source: TheSun - 🏆 64. / 61 Read more »

Nine freebies and discounts for pensioners worth up to £11,600 in May including free travel and days out...How to track down lost pensions worth £1,000s
Source: TheSun - 🏆 64. / 61 Read more »

My handy way to boost your state pension by £667 a year – full list of pros and cons...How to track down lost pensions worth £1,000s
Source: TheSun - 🏆 64. / 61 Read more »

We discovered a lost pension pot worth £82,000 thanks to Martin Lewis’ tip...How to track down lost pensions worth £1,000s
Source: TheSun - 🏆 64. / 61 Read more »