Regulator cuts budget and recruitment plans

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The Pensions Regulator (TPR) has cut its projected annual budget for 2015-16 from £84.8m to £76m according to its corporate plan, published today.

The watchdog, which axed 25 jobs in an internal restructure last year, also revised down its predicted staff numbers by over 100 during the past year. The budget cut, which represents a 10% redu...

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