The UK’s financial regulators say working together has improved outcomes, particularly in relation to the British Steel Pension Scheme scandal, the introduction of Consumer Duty, and failings by SIPPs operators.

A Sussex businessman has been ordered to pay £15,000 for withholding information legally required in an investigation by The Pensions Regulator (TPR) which had continued since 2020. 

The Pensions Regulator plans to change its guidance on decumulation and says it also wants to see fewer but larger DC pension schemes to provide the best outcomes for pension savers.

The former director of a social enterprise company which employed blind and disabled people has denied allegations that he defrauded his workers’ pensions.