Clause 4 - Investment requirements for SaRA schemes
Rights of Savers Bill
3:00 pm

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Photo of Stephen Timms

Stephen Timms (Minister for pensions, Department for Work and Pensions; East Ham, Labour)

I have just one question. I found it a little surprising that the Bill proposed that the approval of an account manager should be given to the pensions regulator. I should have thought that the Financial Services Authority would have been more appropriate. Why was the pensions regulator, in particular, proposed?

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