Pensions - Articles - Regulator launches consultation on regulatory procedure

 The Pensions Regulator has launched a six week consultation into the procedure it follows in cases where the decision is made by the executive arm of the regulator rather than the Determinations Panel.

 Powers exercised in this way include some types of trustee appointments, issuing clearance statements and improvement notices.

 The regulator has also today published some amendments to its current Case Team procedure, which aim to make the procedure clearer and more transparent. The changes, effective from today, include a requirement for the regulator’s case teams to set out their views on the merits of certain applications in greater detail, and to clarify the case team’s role in investigations under special procedure.

 No changes have been made to the current Determinations Panel procedure.

 Interim chief executive at The Pensions Regulator, Stephen Soper, said:

 “The changes to our procedures highlight our desire to improve our processes and to help those we regulate understand what we expect of parties potentially subject to our powers – and what they can expect from us.”