The Work and Pensions Committee is launching an inquiry into the proposals laid out in its recent 'protecting defined benefit schemes' paper, published in March.
In the March paper, the committee recommended strengthening The Pension Regulator's (TPR) main anti-avoidance powers, and that it would be made a criminal offence "to have committed wilful or grossly reckless behaviour in relation to a pension scheme". Under the proposals, TPR will also be granted enhanced investigative and information-gathering powers. The Department for Work and Pension said constraints on parliamentary time will push any legislation necessary to bring the white paper's proposals back to "the 2019/20 parliamentary session at the earliest". The committee is intere...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
