Pension industry needs a single regulator - NAPF

Speaking at the NAPF Annual Conference today Mark Hyde Harrison said the current system - whereby the Financial Conduct Authority (FCA) works alongside The Pensions Regulator (TPR) is unsustainable. Harrison said: "The mass defined contribution market brought about by auto-enrolment (AE) will mean that the current regulatory split of the market between TPR and the FCA will become increasingly apparent and increasingly unsustainable. "With pensions becoming an employer duty, and with the growth in the numbers in pensions, it can only be a matter of time before we move to a single regul...