Pensions Regulator to monitor personal accounts - 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 ...