UK. Regulator to focus on protecting savers amid Covid
The Pensions Regulator has said it will prioritise protecting savers during the coronavirus pandemic, as well as schemes continue to deliver benefits.
The regulator’s corporate plan for 2020-21, published this morning (June 29), sets out how it will continue to address the risks to the savers through regulatory interventions and scheme supervision.
It also highlights the regulator’s determination to continue to fight against pension scams by taking action against fraudsters and working with other key industry organisations to boost awareness.
Charles Counsell, chief executive of TPR said: “Covid-19 is an unprecedented challenge for us all, but it will not weaken our commitment to protecting savers and the PPF by making sure pension schemes and employers fulfil their obligations and meet our expectations.
“In the past 12 months, we have demonstrated our commitment to be clear, quick and tough. And now, more than ever, we intend to maintain this resolve. He added: “We will continue to pursue our work with determination and, depending on how the current crisis unfolds, may publish a further update later this year on our plans and activities.
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