Thornton considers pensions body merger - papers 8th March

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A merger between the UK's newest regulatory bodies for pensions - the Pensions Regulator and the Pension Protection Fund - has been floated by Paul Thornton, the man appointed to conduct an independent review of pension regulation, says the Financial Times .

Less likely is a merger between the Pensions Regulator and the Financial Services Authority (FSA) – as opposed to improved collaboration – although Thornton stressed he is keen to hear views both for and against. More likely may be some limited rationalisation among the clutch of bodies which provide advice and dispute resolution over pensions: the Pensions Ombudsman (who also covers the Pension Protection Fund), the Pensions Advisory Service, and the Financial Ombudsman Service. In a consultation paper published on Wednesday, Thornton said he has so far seen no evidence the regulator...

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