Harrington: DWP will consider granting TPR new powers after BHS probe
The Department for Work and Pensions (DWP) will consider giving The Pensions Regulator (TPR) additional powers should they be needed, pensions minister Richard Harrington says.
Speaking to PP at the PLSA Annual Conference this afternoon, Harrington (pictured) said the government might consider extra powers for the watchdog but said this would depend on the outcome of TPR's report...
More on Law and Regulation
Latest stories
PP research: Struggling businesses should not be allowed to suspend AE contributions
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Dominic Chappell loses appeal against BHS conviction
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).
Five stories you may have missed this week
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.
TPR: We want to build better relationships with schemes to protect savers
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