Pensions regulator 'should force funds into coffers'
Alliance Boots chairman says pensions regualtor could help business by forcing companies to put funds into pensions earlier, says
The UK pensions regulator should be allowed to force companies to put money
into pensions schemes, according to Alliance Boots chairman Sir Nigel Rudd.
The move should be made so that business transactions are not blocked by
demands from pensions trustees, Sir Nigel
told the FT in a letter.
‘There must be a case for the regulator to have the statutory power to ensure
a timely agreement,’ wrote Sir Nigel.
He said the regulator should be the ‘arbiter of what is reasonable and should
have the power to enforce an agreement on both trustees and the company’.