The Pensions Regulator has issued a six-week consultation on the procedure it follows in cases where decisions are made by the executive arm of the regulator.
This can include some trustee appointments, issuing clearance statements and improvement notices.
This is latest in an attempt by the regulator to boost transparency across its decisions. It comes after its recent section 89 non-compliance report at soft furnishings company Dunelm, with which it sought to promote good behaviour among other employers undertaking auto-enrolment.
The proposed new case procedure sets out the regulator's approach – from the initial stages of an investigation or consideration of a third-party request, through to the instigation of a formal regulatory process and making a determination.
This can include some trustee appointments, issuing clearance statements and improvement notices.
This is latest in an attempt by the regulator to boost transparency across its decisions. It comes after its recent section 89 non-compliance report at soft furnishings company Dunelm, with which it sought to promote good behaviour among other employers undertaking auto-enrolment.
The procedure was last revised in January 2013.
Source: Pensions Regulator
The proposed new case procedure sets out the regulator's approach – from the initial stages of an investigation or consideration of a third-party request, through to the instigation of a formal regulatory process and making a determination.
The consultation document said: "The proposed procedure is intended to make it clear what the regulator does at each step and also what directly affected parties are likely to expect."
The regulator is consulting on the following:
Source: Pensions Regulator
The industry watchdog has also updated its case team procedure.
The changes, effective from last Friday, include a requirement for the regulator’s case team to set out “their views on the merits of certain applications in greater detail and to clarify the case team’s role in investigations under special procedure”.
