End of Round One for TPR?
The pension schemes bill has been issued, giving The Pensions Regulator (TPR) stronger powers, but its passage through parliament is far from over.
The new bill legislates for “collective money purchase benefits” and the pensions dashboard, it amends the scheme funding provisions of the Pensions Act 2004 and introduces changes to the individual transfer regime (in a bid to make pension liberation schemes less effective). It strengthens the powers of TPR and it also amends…