The person assigned to review U.K. pension regulation has suggested a proposal that would merge the country’s two newest pensions bodies – the Pensions Regulator and the Pension Protection Fund, the Financial Times reported. The UK government assigned Paul Thorton in January to the task of reviewing the bodies involved in regulating and protecting workplace pensions. The idea to merge the two bodies is included in a consultation paper published Wednesday, to which the pension industry has until March 31 to respond. The Pensions Regulator oversees work-based pension schemes, and the Pension Protection Fund acts as a safety net for workers’ pensions when a company goes under.
UK Adviser Proposes Merger Of UK Pension Regulator And Protection Fund
The person assigned to review U.K. pension regulation has suggested a proposal that would merge the country's two newest pensions bodies the Pensions Regulator and the Pension Protection Fund, the Financial Times reported. The UK government assigned Paul Thorton in