TPR sets out its activities for 2021–2024 in new corporate plan

Article summary

The Pensions Regulator (TPR) has published its three-year corporate plan which outlines how it plans to deliver against the five priorities (security, value for money, scrutiny of decision-making, embracing innovation, and bold and effective regulation) set out in the long-term corporate strategy published on 10 March 2021. The main activities for the period 2021–2024 include the implementation of the Pension Schemes Act 2021 (PSA 2021), combatting scams and developing a framework for measuring value for money, as well as supporting scheme trustees, employers and savers in the recovery from the coronavirus (COVID-19) pandemic. The plan details how these will be approached in the first year of the roadmap and how the priorities will be built upon and developed by 2024. In addition, key performance indicators, financial summary, diversity and equality objectives, and structure and resource allocations for 2021–2022 are also set out in the corporate plan.