TPR: Have faith that we will apply our powers fairly

Sarah Smart says trust is part of a healthy regulatory environment

James Phillips
clock • 3 min read
Possible punishments include seven years of jailtime. Credit: Ichigo121212/Pixabay
Image:

Possible punishments include seven years of jailtime. Credit: Ichigo121212/Pixabay

The industry should “have faith” that The Pensions Regulator (TPR) will not use its powers to unduly punish people for ordinary and legitimate business activity, the watchdog has said.

A prescriptive system would tie the regulator's hands too much and could lead to unintended consequences whereby it is forced to punish businesses for perfectly legitimate actions, TPR chair Sarah ...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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