TPR may 'landgrab' DC pensions regulation

Simon Kew, senior manager at Jackal Advisory, says with the government's planned breakup of the FSA into the Consumer Protection and Markets Authority, the Prudential Regulatory Authority and a Financial Policy Committee, TPR may make a ‘landgrab' for areas currently under FSA jurisdiction. "Any landgrab by TPR would have to be approved by the DWP and legislated for," says Kew, "but my three year's experience at TPR gives me an inkling this may happen. "TPR could end up regulating open market option (OMO) selling, as TPR is simply making more waves on OMO at the moment; we could have ...