Crackdown on firms that won't prop up pensions: Regulator demands extra powers in wake of BHS collapse



Regulators have demanded the power to force firms to put more in their pension pots as the fallout from the BHS scandal continues.
The industry's watchdog has called for a beefed-up role so it can prevent collapses in future.
In evidence to a Parliamentary inquiry, the Pensions Regulator said it should gain greater rights to investigate, and the freedom to run more regular valuations of high-risk schemes. It revealed it was also speaking to the Government about increasing its role.
BHS collapsed into administration earlier this year with a £700million black hole in its retirement scheme.... read more

 
12 October 2016 in Business, Views: 37
Source: Daily Mail
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