Rules designed to give the Pensions Regulator more power to protect company pension schemes are to be applied retrospectively, a senior pensions expert has warned in the second of a series of legalweek.com videos on crisis management.

Speaking in the second episode of Legal Week Crisis Management Q&A in association with Norton Rose, Lesley Browning has warned companies embarking on transactions that may affect final salary pension schemes that they must anticipate a tougher moral hazard framework for pensions regulation.