Pensions Watchdog Shows Teeth On Protecting Schemes
Law360, London (May 17, 2019, 1:51 PM BST) -- Britain’s pensions regulator has said it will focus over the next three years on ensuring that workplace schemes are protecting their members' funds, after a year of sanctions against rogue companies that have dodged their responsibilities for safeguarding retirement savings.
The watchdog will concentrate on monitoring pension plans to ensure they do not treat savers unfairly when paying dividends to shareholders and putting in place recovery plans for struggling funds. The Pensions Regulator, known as TPR, said in its corporate plan — which covers its activities until 2022 — that it wants to boost consumer confidence and get more employees to sign...
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