Conservative Party manifesto: The pensions pledges in full

The Conservative Party has promised to expand The Pensions Regulator's (TPR) and pension schemes' ability to scrutinise and, in some cases, block mergers and acquisitions. In the party's manifesto published 18 May, it reaffirmed its intention to allow action to be taken where a deal might "threaten the solvency of the scheme", as well as introduce a new criminal offence where company boards are seen to have deliberately or recklessly underfunded a scheme. The document states: "The current powers of regulators and the Pension Protection Fund are insufficient to ensure that pension save...