Holding the ring (TT May06 p35)

Some have queried whether the pensions regulator is too powerful, but in his Spring Paper for the ACT, sponsored by Barclays Capital, David Norgrove said it was too early to tell whether changes would be needed in the regulator’s role and powers in due course. The main concerns so far have focused on the clearance procedure – a system which was introduced at a late stage in the legislation creating the regulator.