TPR and trustees need new powers to prevent pensions crisis, say MPs

Michael Klimes
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TPR and trustees need new powers to prevent pensions crisis, say MPs

The Work and Pensions Committee (WPC) has called on the government to consult on giving the regulator new enforcement powers to avoid another British Home Stores (BHS) disaster.

In a report about the governance of defined benefit (DB) schemes, MPs said the Pension Regulator (TPR) should be able to impose more punitive fines on sponsors and be nimbler to intervene more effectively...

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