The pension counsellor
The UK Pensions Regulator has been criticised for setting an aggressive deadline for companies to resolve their pension deficits. Tony Hobman, chief executive of the regulator, says education is the key to getting firms to comply
Operating in the turbulent wake of the Mirror Group pensions scandal, which came to light in late 1991, the UK Occupational Pensions Regulatory Authority (Opra) was primarily a policeman - Opra's main aim was to protect members' interests and see that company pension schemes obeyed the law.
Since the Pensions Regulator succeeded Opra last April, however, it has been more a counsellor than a constable. "We still have powers to deal with malfeasance, but a lot of what we do now is to do with market
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