UK Pension Watchdog Clarifies Approach On Settlements
Law360, London (March 29, 2021, 2:56 PM BST) -- The Pensions Regulator said it will weigh the legal costs of taking enforcement action against companies with offers it receives to settle investigations early, as it published guidance for the industry before it is handed new powers.
The watchdog published the policy statement on how it approaches settlement offers from the companies it is investigating, in a move that has been welcomed by trade bodies.
The statement, published Thursday, comes as the regulator is set to take on a more active role in tackling companies for actions that endanger staff retirement saving funds.
"A target of our enforcement action may wish...
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