Pensions regulator confirms criminal policy to 'deter' bad behaviour

It has also issued a further consultation on three draft policies relating to overlapping powers, monetary penalty powers, and information gathering powers. The criminal offences policy follows a six-week consultation and outlines how the watchdog will respond to the avoidance of employer debt, and conduct which risks accrued scheme benefits. The final version - published just two days before the powers come into force on 1 October - comes after industry concerns were raised about the scope and clarity of the powers. A PwC survey conducted earlier this year found that nearly two-th...