UK - Over half of the 200 largest pension schemes contributed to an aggregate surplus of £6bn at the end of April 2008 according to Aon.
Aon said it welcomed the news TPR would not apply its powers retrospectively, but added: "The announcement suggests that once its revised powers are finalised, it may clamp down even more, or that companies may then be faced with even more uncertainty over whether their actions will be penalised."
Marcus Hurd, senior consultant and actuary, Aon, said: "The regulation of corporate transactions is a necessary evil to avoid pension scheme members suffering at the hands of unscrupulous rogue traders."
Hurd continued: "The majority of companies, however, wish to honour their obligations to pension scheme members and should not be punished by cumbersome regulations preventing genuine corporate activity or innovation.
Aon warned new proposals to give TPR more power to impose contribution notices on companies, directors and shareholders could be harmful to corporate activity and could have a negative impact on the UK economy.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
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The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.