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Number of trustees TPR has written to regarding DB transfer activity

FOI reference - FOI 2018-07-26
Date - 26/07/2018

Request

In 2018 how many trustees of defined benefit (DB) pension schemes did The Pensions Regulator (TPR) write to, to warn them about financial advisers targeting members to encourage them to take a DB transfer?

In 2017 how many pension trustees did TPR write to, to warn them about financial advisers targeting members to encourage them to take a DB transfer?

In 2016 how many pension trustees did TPR write to, to warn them about financial advisers targeting members to encourage them to take a DB transfer?

Response

I can confirm that we hold some of the information falling within scope of your request.

Information we are able to supply

Since 1 January 2018 TPR has so far sent letters on 12 occasions to trustees regarding transfer activity (this communication included a joint letter from TPR / FCA / TPAS to be shared with members requesting transfer values, advising them to carefully consider the risks and options).

Information we are not able to supply

Unfortunately, though we may have contacted trustees regarding similar activity during 2016-2017, we do not hold this information as we did not start recording this until 2018.