DWP stops disclosure regs over deregulatory review

The move follows an announcement in the pensions white paper in May of a new drive to simplify pensions legislation through a ‘rolling deregulatory review’ of the regulatory burden around occupational pension schemes. James Purnell, Minister for Pensions Reform, says the Department for Work and Pensions’ (DWP) goal is to strengthen quality occupational provision already being offered by reducing costs and red-tape. As a result he says the government has decided to stop the introduction of the Occupational Pensions Schemes (Disclosure of Information) Regulations, which had already been t...