The Pensions Regulator (TPR) has published its Corporate Plan for the next three years. It outlines how, as part of TPR's more proactive and targeted approach, new regulatory initiatives will be applied to hundreds more schemes to influence their behaviours and improve outcomes for savers. TPR wants to improve participation, accountability, protection and confidence in occupational pension schemes.

It identifies six priorities for the next

three years:

1. Extending regulatory reach via a wider range of proactive and targeted regulatory interventions.

TPR is working on a targeted supervision model where schemes will be supervised as and when needed in response to potential risks or events. TPR's new supervision team is establishing one-to-one relationships with more than twenty schemes of strategic importance.

TPR will use a "rapid response" team to respond more quickly to reports and intelligence about companies or major restructuring plans. These actions will extend TPR's grip to far more schemes than in the past.

It will start engaging with more schemes by writing to trustees, reminding them of their obligations and directing particular activity. Communications clarifying . . .

17 May 2019   Check other news items