Pensions Regulator Issues Warning Notice to Smiths News Over Tuffnells Scheme
Smiths News disclosed it received a Warning Notice from The Pensions Regulator on Feb. 20, 2026, relating to the Tuffnells Parcels Express Pension Scheme. The regulator is considering imposing a Financial Support Direction (FSD) under a 'no-fault' liability framework. The company says it is reviewing the notice with advisers and that it is too earl…