Should there be one regulator for DC pensions?

The regulation of anything in finance is always going to be a complicated job, some might say a poisoned chalice. The Pensions Regulation (TPR), the body responsible for oversight of the UK’s workplace pension schemes, was given a unfavourable report from the National Audit Office (NAO) last week. The report specifically looked at work it was doing in the field of defined contribution (DC) scheme regulation. The report concluded the Brighton-based watchdog has inadequate processes in place to measure its performance.  While the report said TPR had adopted a sound approach to DC reg...