TPR and Treasury dismiss single pensions watchdog idea

This comes after the Work and Pensions Committee called for the formation of one watchdog for all workplace schemes, rather than the current regulatory split between TPR and the Financial Conduct Authority (FCA). At the National Association of Pension Funds regulation conference, economic secretary to the Treasury Sajid Javid said the division of the Financial Services Authority into the FCA and the Prudential Regulatory Authority has been disruptive enough. He said: "We have no plans to change the regulatory architecture, other than how we already have. We want to see that bed in." ...