Regulator of the year - The Pensions Regulator

As the world of the final salary pension gives way to the new DC order, The Pensions Regulator has proved an effective policeman - not least because of the powerful arsenal it possesses, but never uses

It is often too easy to dwell on the negative points of retirement provision, such as the relentless drift from defined benefit (DB) to defined contribution (DC) schemes, which helps companies to reduce their liabilities but often does little to benefit the employee. The Pensions Regulator bristles at suggestions that it may have contributed to this decline in final salary schemes, which it claims peaked in 2000, five years before the new regulatory regime was put in place. On the contrary, the