The Pensions Regulator (TPR) is to get new powers over trustees following the Government’s response to the publication of a report by the chair of the Competition and markets Authority.

Pensions auto-enrolment has been one of the few, consistent bright spots in the UK pensions market over the past decade. But with higher contributions on the way soon the DWP will need to keep a close eye to ensure that the wheels on the trolley don’t come off.

A new report into the BSPS debacle has heavily criticised regulators including the FCA and TPR.

XPS Pensions Group, the influential pension consulting and administration firm, has voiced its support for the government’s proposal to introduce Collective Defined Contribution pension schemes.