Single pensions regulator unnecessary - CBI

The business lobby group came out against the recommendations of the work and pensions committee which this morning called for a sole regulator to oversee occupational pensions in the UK to ensure proper governance. At present the Financial Conduct Authority (FCA) monitors contract-based pension schemes while The Pensions Regulator (TPR) oversees trust-based schemes. Neil Carberry, CBI director for employment and skills, said: "Good pension scheme governance is crucial, but there is no need for a single regulator. TPR's own analysis shows that standards of governance are equally rigor...