Thursday, 21 August 2008

Pensions Regulator gets heavy

Oh dear, what is this all this about? Much as I will stick up for the Regulator's role (which some self-interested types in the industry constantly seek to undermine) and much as I am fairly critical of the crud that typifies much financial journalism, I really don't see how this is a smart move.

Reading the follow-up story (which is about the removal of a independent trustees from a number of schemes), I don't really see why the Regulator is taking such a tough line as they state that members' benefits are not at risk. Perhaps they think it would prejudice criminal action?

Hat-tip: Fitzy

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