TPR welcomes government's 'prompt' reintroduction of pension schemes bill

In a statement, TPR chief executive Charles Counsell (pictured) said the regulator "welcomes the prompt re-introduction of the pension schemes bill" and looks forward to working with the DWP as it progresses. He added: "The measures the bill proposes will allow us to continue in our commitment to be a clearer, quicker and tougher regulator. "The bill will give us the power to set and enforce clearer scheme funding standards in defined benefit pension schemes while also providing early warning of potential problems. Where problems do arise, new criminal sanctions and civil fines will a...