The Pensions Regulator will monitor personal accounts, says Pensions Minister Mike O'Brien.
The Pensions Regulator will oversee personal accounts as a whole and ensure employers meet their obligation to automatically enrol staff into a good workplace pension scheme. O’Brien says: “Working with the Pensions Regulator we will put in place a simple, proportionate compliance regime which ensures employers meet their obligations without imposing any unnecessary burdens.” The Pensions Regulator will use a proportionate approach, which will focus on enabling employers to meet the requirements of the proposed legislation. HM Revenue and Customs (HMRC) will give The Pensions Regulator ...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes