DWP clarifies Pensions Regulator's power


The UK's Department for Work and Pensions (DWP) has stepped back from plans to ramp-up private equity firm's liability for pension deficits, and has instead restricted the Pensions Regulator's powers of intervention to block the transfer of company schemes to operators not regulated by the Financial Services Authority (FSA).

Though not explicitly named by the DWP, the extension of regulatory powers was prompted by conflict over Telent, the surviving rump of former UK electronics giant Marconi.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: