Chair's statements do not entirely work, admits DWP; Mandatory fines may be relaxed

James Phillips
clock • 1 min read
Chair's statements do not entirely work, admits DWP; Mandatory fines may be relaxed

Chair’s statements are failing to achieve the multiple policy goals they were designed for, the Department for Work and Pensions (DWP) has conceded.

As a single instrument, they are failing to enhance scheme governance and improve member engagement simultaneously, and the government and The Pensions Regulator (TPR) must refocus on delivering a suite...

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