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Pensions Week: The National Audit Office’s thoughts on DC regulation

Jackal Advisory’s Simon Kew was recently asked to comment on recent statements by the National Audit Office concerning defined contributions schemes having too many regulators.

In short, the NAO’s recently published review noted that the abundance of regulators for DC schemes made “regulating schemes, setting them objectives and measuring performance wasteful”.

The review highlights the lack of integration between the regulators – namely the FSA and the Pensions Regulator – and the difficulty as a result, in evaluating of the Pensions Regulator’s work in protecting the benefits of work-based pension schemes.

Simon Kew sees an opportunity for a “land grab” from the FSA in the wake of the report, but notes that “huge amounts of money would need to be poured in to enable it to expand”.

The full article can be read on the Pensions Week website.

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Category : Employer Covenant,Savants in the News,Uncategorised — admin @ 8:50 am July 17, 2012

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