Industry should not wait for certainty on every detail of reforms, TPR says
By Google News Personal Finance ·
Speaking at a conference in London today (9 November), TPR executive director of strategy, policy and analysis Richard Knox said the industry, government and regulators have a "broad consensus" on the direction of travel for the industry's reforms and what the next chapter of pensions will look like – with the consolidation into "fewer, larger, better run, value for money (VfM) pension schemes" and a system which not
only delivers good member outcomes but supports growth in the UK economy.
Knox said the government had set out an "ambitious timetable" for reform and noted the regulator had provided further clarity through its regulatory roadmap and stated it would work with the industry to raise standards of governance, deliver VfM and enable default retirement plans.
Originally published by Google News Personal Finance
