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...
Jonathan Stapleton asks whether newly-accredited professional trustees should be a statutory fixture on pension scheme boards.
Savers are being warned by the Insolvency Service to guard their pension pots from investment scammers and negligent trustees as it winds up 24 companies.
Respondents say they should only be required in certain situations as the system is not broken.