Pensions watchdog called in to emergency talks on UK market turmoil

First time regulator drafted to high-level meetings on measures to tackle meltdown that followed mini-budget

The Pensions Regulator has for the first time been drafted into high-level emergency talks led by the Treasury and Bank of England as they examine measures to calm financial markets in the wake of the meltdown which followed Kwasi Kwarteng's mini-budget.

The watchdog, which oversees the 1.5tn pension sector, is understood to have been summoned into closed-door meetings of the Authorities' Response Framework (ARF), which are triggered when an incident or threat" could cause major disruption to financial services in the UK.