Calls for merger of TPR and FSA after damning DC report

The audit, published today, called on the two watchdogs, HM Treasury and the Department of Work and Pensions to develop a concerted approach to regulating workplace pensions. It said none of these bodies led on, or was accountable for, the regulatory system as a whole. Hargreaves Lansdown head of pensions research Tom McPhail (pictured) said the report highlighted the lack of a coherent policy agenda for increasing long-term saving rates. "We need a reappraisal of what we're trying to achieve with the regulatory framework," he said. "One possible outcome of that would be that we wo...