Our Strategy and Corporate Performance

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 strategy guides us in meeting these statutory objectives and delivering on our commitment to pension savers. Our focus is:

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

We achieve our strategic goals by delivering on our corporate plan and our performance has been assessed by an independent Public Bodies Review. 

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.