NAO investigates defined-contribution regulation

The National Audit Office has launched an investigation of The Pensions Regulator’s approach to defined-contribution schemes ahead of automatic-enrolment.

The study will focus on whether regulation of DC schemes by TPR effectively addresses the key risks to scheme members.

A NAO spokesman says: “In 2007 we did a study of the then new Pensions Regulator and this is a natural extension of that work.”

The final report will be presented to the public accounts committee in spring 2012.

A spokesman for The Pensions Regulator says: “We welcome the NAO’s review of the regulator’s work on defined-contribution regulation.

“This comes at a crucial time when DC schemes will play an increasingly important role as a result of automatic enrolment.”