Regulation to be introduced in autumn

Deal announced in May 2016

The pensions and financial inclusion minister tells James Phillips about his first year in office and his philosophy behind pension policy creation.

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.

Supreme Court ruling

TPR's first criminal conviction

'Appropriate risk-based levy charge' would be considered

The High Court wound up the firms on 30 May

At end of of four-year term

Figure could be as high as seven million