Pickering Report will mean regulatory revolution

A complete revolution in pensions regulation will take place if the Pickering Report is adopted, according to Scottish Equitable's Stewart Ritchie. He said the report puts forward the idea of principle-based legislation, suggesting a regulator whose role would be about help and guidance as much as about seeking out and responding to wrongdoing. As such, he believes intermediaries would have to get used to a 'completely different mindset' from the present environment of following detailed rules. His comments come as part of the latest Ritchie paper on topical, legislative and technical pensi...