Keeping things simple

Although people have talked about dual regulation of stakeholder, in reality there are more bodies involved than Opra and the FSA. The Pension Schemes Office of the Inland Revenue, the Contracted Out Employment Group of the Contributions agency, now also part of Inland Revenue and the Pension Ombudsman Rather than dual regulation, it is intended there should be 'joined up regulation', with each regulator operating in its own area of competence. For each duty there will be one regulator, whatever the governance structure. All the bodies involved will co-operate and communicate. We are aimi...