Regulator will not crack down on TKU requirements

Firmly focusing on a risk-based approach to regulation, John Ashcroft, head of strategy at The Pensions Regulator, said the organisation cannot regulate every scheme in any level of detail and still be an effective regulator. In its strategy it says it is neither possible, nor desirable, to eliminate all occasions on which risks appear in schemes, adding any attempt to reduce these occasions to zero would lead to most schemes having a disproportionate level of regulation compared with the risks they pose to scheme members and the Pension Protection Fund (PPF). It says in considering its...