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Opra publishes stakeholder guidance

The Occupational Pensions Regulatory Authority is publishing technical guidance on arrangements for direct payments by employers to personal pension plans and stakeholder schemes.

The guidance note explains the duties of providers and employers and the procedures for reporting to Opra. It also gives details of the timescale for making payments, and sets out how employers can be fined for late payments and providers can be fined for failing to report late or missing payments to Opra.

The guidance note is available on Opra&#39s helpdesk on 01273 627600 or online at www.opra.gov.uk.

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