PLSA: 'Micro-managerial' regulation has driven down trustee engagement with advisers

James Phillips
clock • 3 min read

Regulation aimed at improving the governance of occupational pension schemes has left the sector "regulated to the lowest common denominator" with a "prescriptive and micro-managerial approach".

Moreover, this has caused trustees to take a "more risk-averse and compliance-led approach", and dampened innovation and switching in occupational pensions. This is what the Pensions and Lifetim...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

More on Law and Regulation

Government moves forward with IHT/pension plans from April 2027

Government moves forward with IHT/pension plans from April 2027

Move expected to raise £1.5bn annually

Sahar Nazir
clock 22 July 2025 • 2 min read
TPR fines Now Pensions and trustee £50,000 each for reporting failures

TPR fines Now Pensions and trustee £50,000 each for reporting failures

Two fines given relating to ‘historic failures’ to report significant communication errors

Jasmine Urquhart
clock 18 July 2025 • 2 min read
Government and industry 'united' in determination to drive returns and boost UK investment

Government and industry 'united' in determination to drive returns and boost UK investment

Reeves said measures in the Pension Schemes Bill will mean larger and more powerful pots of funding invested productively

Professional Pensions
clock 16 July 2025 • 1 min read
Trustpilot