The Pensions Regulator (TPR) needs more funding and staff rather than a larger suite of powers, the Work and Pensions Committee (WPC) has been told.
MPs heard that TPR's current set of powers allow it an adequate oversight of defined benefit (DB) schemes, but a larger remit due to new pensions policy, such as auto-enrolment (AE), means it lacks peoplepower....
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers