Anne-Marie Winton comments in Law360 on key UK pension reforms delayed by Brexit distracted government
Key UK pensions reforms risk long delays as the government is consumed by the protracted Brexit process, with new powers for The Pensions Regulator and plans to centralise workers’ savings data being forced to the legislative back burner.
Anne-Marie Winton agrees that strengthening the regulator’s hand should be a priority. The reforms are partly designed to give the watchdog an earlier warning system, especially when it may need to intervene.
Anne-Marie commented: “The example would be if a group is in some distress and starts restructuring itself and therefore it would be worth the regulator having a look to see what’s going on, helping out the trustees and asking difficult questions. It seems more important to me that we give the regulator the powers to do that.”
Read Anne-Marie’s comments in Law360.
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