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Crackdown begins on poor pension record-keeping

The trustees of hundreds of occupational pension schemes are to be ordered to urgently review the data they hold as part of a crackdown on poor record-keeping.

The Pensions Regulator (TPR) is asking the trustee boards of 400 schemes to conduct a data review within six months. These schemes are believed to have failed to review their data in the last three years. This includes occupational DC, DB and public sector schemes.

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