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Corporate Hero

Chief People Officer at
The Pensions Regulator

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Corporate Main

Our Strategy and Corporate Performance

 

Our vision for pensions is a landscape of fewer, larger pension schemes that deliver good outcomes for savers by default – from joining a pension through to retirement. That is why we have set out a regulatory roadmap which aims to ensure that:

 
  • All defined contribution savers receive value for money.
  • All defined benefit schemes secure their future – whether that’s in end game or an ongoing future offer.
  • All schemes are well run with high quality data powering informed decision-making by excellent trustee boards.
 

Our mandate derives from statutory objectives, which are set out in the Pensions Act 2004, amended by the Pensions Acts 2008 and 2014. These are:

 
  • To protect the benefits of members of occupational schemes
  • To promote, and to improve understanding of, the good administration of work-based pension schemes.
  • To protect the benefits of members of personal pension schemes where direct payment arrangements are in place.
  • To reduce the risk of situations arising which may lead to compensation being payable from the Pension Protection Fund (PPF)
  • In relation to DB scheme funding, to minimise any adverse impact on the sustainable growth of an employer.
  • To maximise employer compliance with employer duties and the employment safeguards introduced by the Pensions Act 2008
 

Our corporate plan guides us in meeting these statutory objectives and delivering on our commitment to pension savers and our performance has been assessed by an independent Public Bodies Review. Our missions are to:

 
  • Protect savers’ money by making sure trustees and employers comply with their duties.
  • Enhance the system through effective market oversight, influencing better practices; and
  • Support innovation in savers’ interests so that new products and services deliver good outcomes.
 

For more information about The Pensions Regulator please visit www.thepensionsregulator.gov.uk or Read our CEO’s speech on driving innovation in the interests of savers.