The Pensions Regulator (TPR) has had a lick of paint in the form of a rebrand and has set out its future approach to regulation. Aside from using more printer toner, in this second 'future report' (the first was in July 2017) TPR has refined four key areas on which it will focus:

• Setting clear expectations: clear, measurable standards. TPR will launch a new website later in 2018 and it promises to present content in a 'clearer way'.

• Identifying risk early: preventing risks to members from increasing over time through prioritisation, monitoring, supervision and early proactive intervention. A framework of regulatory risk will set out TPR's priorities and focus its efforts on the areas of imminent risk to members. Horizon scanning will ensure its strategy and regulatory approach are informed by longer term threats and opportunities. The Supervision

Team will intervene 'significantly more' via targeted engagement.

• Driving compliance through supervision and enforcement: a wider range of regulatory interventions through a process of systematic and escalating interaction. TPR will test, measure and adapt the way it works to continue to drive behavioural . . .

21 Sept 2018   Check other news items