TPR and FCA working well together, government tells WPC

'Working together where possible'

Hope William-Smith
clock • 3 min read

The government has defended the level of joint work undertaken by The Pensions Regulator (TPR) and the Financial Conduct Authority (FCA) pointing to market differences as the blockade for an increase to it.

The government's response to the 7th recommendation of the Work and Pensions Committees' (WPC) 24 design reforms laid down in January - published on 27 April - confirmed the two regulators were working together as much as market difference would allow. The WPC had called for all consultations covering pension regulation to be run jointly by TPR and the FCA "unless there is a clear and published reason for a different approach". The government confirmed that the principle of joint consultations, where appropriate, underpins the work of TPR and FCA and that the Department for Work and P...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

SIPP provider Gaudi declared failed amid FSCS investigation

SIPP provider Gaudi declared failed amid FSCS investigation

FSCS to give further update on investigation shortly

Isabel Baxter
clock 23 March 2026 • 2 min read
Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 19 March 2026 • 1 min read
Applying proportionality to customer vulnerability under the FCA's Consumer Duty

Applying proportionality to customer vulnerability under the FCA's Consumer Duty

‘Proportionality does not equal minimalism’

Andrew Gething
clock 18 March 2026 • 5 min read