FSA boss admits relationship with TPR needs work

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The Financial Services Authority (FSA) director has said the relationship between it and The Pensions Regulator (TPR) needs more work due to the differences between the organisations.

The comments were made in an evidence hearing before the House of Commons work and pensions select committee. Responding to questions about how the FSA and the pensions watchdog work together, FSA managing director Martin Wheatley (pictured) admitted they need to work harder before warning the relationship could become more complicated in the future. He said: "We have to work harder at it, that's the reality. We do have different structures and objectives and different ways of working and it just means we have to work harder. So we put a lot of effort and resource into the liaisons ac...

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