Fears the new pensions regulatory regime would be too onerous have proved to be unfounded. As the new system enters its second year, the industry is still waiting for The Pensions Regulator to issue its first contribution notice or financial support direction.
TPR’s very presence has produced increased funding from a plethora of defined benefit schemes – but the regulator has not yet flexed its muscles. At some stage, it may well want to test the true e...
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