From The Pensions Regulator:
Today the Pensions Regulator issued a statement to the regulated community,
We recognise the vast majority of schemes are well run by dedicated individuals; this statement is intended to alert the community to potential risks, and to encourage trustees and other pension managers to contact the regulator if they are worried.
The statement also reminds the regulated community of the important role of whistle-blowers, and seeks to reassure the regulated community that where necessary the regulator will take sanctions against unacceptable behaviour.
Tony Hobman, Chief Executive of The Pensions Regulator, said:
“In these tougher times, we will continue to monitor the economic situation and, along with our partners, to continue to focus on the key risks in the system to ensure that the promises made in pensions are upheld….