Revealing Pensions Regulator’s decision making process ‘akin to insider dealing’
Greater transparency over The Pension Regulator’s (TPR) move to block a deficit reduction deal by the Reader’s Digest Association (RDA) pension fund scheme – forcing the company into insolvency – could be “akin to [distributing] insider dealing information”, said a senior figure at the regulator.
While repeatedly refusing to comment on individual cases, June Mulroy, executive director of business operations at TPR, said it was legally prohibited by an act of parliament from disclosing why it
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