clearance

The Pension Regulator’s (TPR) strengthened powers under the Pension Schemes Bill could lead to a revival of its clearance process, according to advisers and lawyers.

More than three-quarters of pensions and restructuring lawyers believe the regulator's 'clearer, quicker, tougher' approach is having an impact on their clients, a PwC survey reveals.

A consultation has been launched on granting stronger powers to The Pensions Regulator (TPR) as the government seeks to address "misuse" of flexibilities in the defined benefit (DB) funding system.