The Pensions Regulator (TPR) has revealed it has had a total of 24 meetings with Carillion, and 45 meetings with the trustees since 2008.
This week's top stories were Capita's shares falling by over 40%, and Royal Mail reaching agreement with its union to launch the UK's first collective defined contribution scheme.
The regulatory framework is too restrictive and The Pensions Regulator (TPR) is hampered by conflicting objectives, Robin Ellison and Chris Martin told a parliamentary inquiry today.
"We must do something, this is something, therefore we must do this," is the politician's fallacy famously expounded by Sir Humphrey Appleby in the BBC sitcom Yes, Prime Minister.
The Pensions Regulator (TPR) has provided little evidence of hard action despite being aware of problems at Carillion since at least 2008, Work and Pensions Committee (WPC) chairman Frank Field has said.
The Pensions Regulator (TPR) failed to use its powers to force Carillion to pay higher contributions into its schemes despite trustees repeatedly raising concerns over the issue, Robin Ellison has said.
The Work and Pensions Committee (WPC) and the Business, Energy and Industrial Strategy Committee (BEISC) will hold two sessions to probe why Carillion went into liquidation.
Robin Ellison says regulators need to seize the initiative and explain both to themselves and to scheme members that investment risk is a good thing.
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Robinson Ellison says the industry must "act together" to avoid excessive intervention from The Pensions Regulator (TPR).