TPR outlines seven draft design principles for pensions innovation
In a Pensions Regulator (TPR) blog published on 25 September 2025, Dr Marion Lean, TPR’s Head of Innovation and Design Practice, has underlined its ambition to drive a more creative and collaborative culture in workplace pensions, unveiling seven draft design principles to guide industry-wide innovation. At its second innovation event held online on 24 September 2025 which was attended by more than 50 sector leaders, TPR explained that it had championed a shift towards co-design and experimentation, highlighting that regulation and innovation must work hand in hand if the industry is to meet future challenges. TPR said that it is increasingly adopting design-led methods such as hackathons, workshops and collaborative product development which mark a move from designing its regulatory approach ‘for’ the industry to designing ‘with’ it, placing savers at the heart of innovation. TPR acknowledged the need to tackle complex issues – from inclusion to sustainability – by creating conditions that support creativity and risk-taking. TPR said this involves giving trustees, providers, and employers the confidence to test new solutions, fail fast and iterate quickly.