Industry warns TPR proposals threaten to close trust-based DC

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The Pensions Regulator's proposed approach to trust-based defined contribution could force schemes to close due to regulatory arbitrage, increased compliance burdens, and a lack of clarity, the industry warns.

TPR consulted on its new regulatory approach for DC this year, producing a list of 31 principles schemes must display and a code of conduct (PP Online, 10 January). As the consultation closed on...

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