Clause 21
Pensions Bill
12:45 pm
Nigel Waterson (Shadow Minister, Work & Pensions; Eastbourne, Conservative)
I can see the argument for some overlap. After the previous legislation, however, I remember that people who worked for the old pensions regulator and moved to the new regulator found that a different culture had been introduced through the 2004 Act. Does the Minister envisage that employees of the new authority will be TUPE’d across to the board? In the instance to which I just referred, there were concerns about people who had worked for the old regulator having an approach that was different from what was needed for the new, more aggressive regulator.