Pensions Regulator  

Govt told to extend pensions regulator powers

"If additional powers allows TPR to mirror FCA rules more quickly and efficiently then this looks to be a positive step forwards."

A TPR spokesperson said: "We note the review’s recommendations, some of which have already been achieved through our change programme and by working closely with DWP, our partners and stakeholders.

Article continues after advert

"We always strive to improve even further by consulting with our regulated community on new plans and by liaising with government on new legislation."

For example, the review recommends that TPR should seek improved methods of gathering data to monitor schemes, in order to decrease the regulatory burden on schemes and employers.

But TPR stated it already gathers data in a number of ways, such as through the scheme return and from the HM Revenue & Customs, and is moving towards a data and intelligence led model for driving compliance on auto-enrolment.

maria.espadinha@ft.com