The government has defended the level of joint work undertaken by The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) pointing to market differences as the blockade for an increase to it.
The government's response to the 7th recommendation of the Work and Pensions Committees' (WPC) 24 design reforms laid down in January - published on 27 April - confirmed the two regulators were working together as much as market difference would allow. The WPC had called for all consultations covering pension regulation to be run jointly by TPR and the FCA "unless there is a clear and published reason for a different approach". The government confirmed that the principle of joint consultations, where appropriate, underpins the work of TPR and FCA and that the Department for Work and P...
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