Budget changes to pension regulation: if a job’s worth doing, it’s worth doing well

Budget 2013 confirmed the coalition government’s decision to revise the Pensions Regulator’s (TPR’s) statutory objectives. According to the Chancellor’s speech, TPR will have

A new requirement to have a regard for the growth prospects of employers.

This is something that was broadly supported by the TUC. But the move would be far more effective if TPR’s objectives were more comprehensively reformed.

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