The Pensions Regulator's decision to finally enforce its moral hazard powers - through a £5m contribution notice to the Bonas Group Pension Scheme - got me thinking about Daddy Longlegs. Apparently, the bumbling Longlegs has the most powerful venom in the animal kingdom. However, it cannot administer the venom because it has no fangs.
Similarly, the regulator has a vast array of enforcement powers which, until yesterday, it seemed unable or unwilling to use. Indeed, in a recent article in PP Sackers partner Robin Simmons questioned...
Oxfordshire County Council has seen a "significant improvement" to its pension fund governance following action by The Pensions Regulator (TPR).
The recent 'Dear CEO' letter sent by the FCA to pension providers could mean pension freedoms for defined benefit (DB) scheme members are "being eroded", one SIPP provider has warned.
Standard Life Aberdeen has won a tribunal in which it claimed Lloyds Banking Group was not entitled to give notice to terminate investment management arrangements for a £109bn mandate.
Treasury launches fresh inquiry into post-Brexit financial regulation as UK enters 'uncharted waters'
The Treasury Select Committee has launched a new inquiry into the future of the UK's financial services once it has left the European Union.
The transaction cost disclosure regulations have been in place for a year. Jon Parker says while there has been progress in obtaining data, there is a still a long way to go.