NAO to scrutinise Pensions Regulator

The report, which will be published in spring 2012, will focus on whether the regulation of TPR effectively addresses the key risks to scheme members. It will take into account the overlapping responsibilities for contract-based schemes which fall under the remit of the Financial Services Authority( FSA). This report is a follow-up to the NAO's 2007 initial study of TPR's regulatory approach, which found the body had made "good progress" in establishing a risk-based approach to regulation since it replaced Occupational Pensions Regulatory Authority (OPRA) in 2005. "Defined contribu...