- TPR’s corporate plan—quicker action and increased intervention
- Original news
- What five risk areas has TPR identified?
- Sub-scale schemes
- Poor standards of stewardship
- Disorderly scheme failures
- Poor data integrity and security
- Economic and market outlook
- What eight priorities has TPR defined?
- Successfully complete the remaining stages of the roll-out of AE
- Deliver more interventions more quickly where DB schemes are underfunded or avoidance is suspected
- Protect consumers through the effective regulation of master trusts
- Drive up standards of record-keeping and data maintenance, including public service schemes
- Be clearer in the codes, guidance and other interactions with schemes and employers about what they need to do
- Drive up standards of trusteeship across all schemes, with a particular focus on chairs and professional trustees
- Develop and implement TPR’s enhanced approach to regulation, explaining its approach publicly, to make it a more effective and efficient regulator
- Create high performing teams of people across TPR with the skills and capabilities to deliver all of the above
Pensions analysis: The Pensions Regulator (TPR) has published its corporate plan for 2017–20 and has suggested that it will attempt to intervene more frequently, act more quickly, drive up standards of trusteeship, and help small employers to meet their automatic enrolment (AE) duties. Maralyn Thomas, director at Castle Pension Trustees, examines TPR’s latest plan.
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