Employers suspected of failing to meet their workplace pensions duties are being targeted with spot check inspections

A wine merchant has won an appeal against HMRC discovery assessments and penalties of £350,905 with the court ruling that although he ‘regularly’ filed his accounts late he did not do it deliberately

HMRC has paid out £22m to people who had overpaid tax when they accessed their pensions flexibly in the first three months of 2022

Two pension trustees have been jailed after they scammed 245 people out of £13m through fraudulent pension investment schemes

Four in 10 taxpayers do not know that pension contributions automatically receive 25% tax relief despite an annual bill of over £42bn to pay for the tax break 

The former owner of Norton Motorcycles has been given a suspended prison sentence for illegally investing pension schemes’ money into his business as it faced financial problems

Doctors and nurses who returned to work in the NHS during the pandemic will be able to continue working without damaging their pension status until October

The tax collected from individuals breaching the lifetime allowance on pension pots has increased by 1,068% in the last decade surging to £342m in the 2019-20 tax year

The Department for Work and Pensions (DWP) has revealed that the pensions dashboard is five years behind schedule with many facing a four-year wait to access their pensions information 

HMRC has repaid an estimated £835m in overpaid tax on flexible pension withdrawals over the last seven years

From April 2022, pension savings invested in the default funds of schemes used for automatic enrolment with a value of £100 or less will be exempt from flat fees

The Pensions Research Accountants Group (PRAG) has published guidance to help practitioners understand the Taskforce on Climate-related Financial Disclosures (TCFD) governance and reporting requirements for certain pension schemes from 1 October 2021