Pensions Regulator publishes updated guidance to support trustees and employers

Following industry-wide consultation, the Pensions Regulator has published updated guidance to support trustees and employers dealing with events that may impact upon their pension scheme, and when applying for a clearance statement.

The guidance has been updated taking into account our experience of operating clearance, and reflects the way that both the regulator and the market have developed since the process was introduced in April 2005.

Tony Hobman, chief executive of the Pensions Regulator, said: "This guidance has been created in line with our commitment to operate in a risk-based and proportionate manner and emphasises a principles-based approach to regulation."

Alongside the guidance, the regulator has also published a consultation report. The report describes the consultation that has taken place on this guidance, and explains how the consultation has shaped the final version.

To view the press release in full, please visit: thepensionsregulator.gov.uk/mediaCentre/pressReleases/pn08/PN08-06.aspx