Pensions Watchdog Pledges To Protect Long-Term Savers
Law360, London (June 29, 2020, 5:30 PM BST) -- The Pensions Regulator said in a strategy paper published Monday that its focus for the year would be on protecting long-term savers, while also being mindful of the solvency of employers during the COVID-19 pandemic.
The regulator has allowed businesses to pause deficit recovery contributions for three months during the pandemic, though it stressed earlier in the month it doesn't want such suspensions to become "the new normal."
The paper for the 2020-2021 financial year was expected to be published in March, but it was delayed so it could be amended to better "reflect the realities of how the pensions landscape has...
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