Last July on this blog page, I made a commitment to delivering a new regulatory approach for TPR that reflects the political and economic pressure that continues to shape the pensions world, and to ensure savers are better protected.
Here at TPR, when we are regulating DB schemes, we have to pull off a complicated balancing act. Parliament has given us a mandate to protect pension savers and the PPF.
There have been tumultuous shifts in the political, economic and pensions landscape since TPR’s inception 12 years ago.
I recently spoke at the Association of Consulting Actuaries’ conference about the work we do at TPR and some of the challenges we face in the current economic and political climate.
Pensions remain firmly in the spotlight – high profile funding cases, the impact of challenging economic conditions, the Work and Pensions Committee inquiry into defined benefit (DB) pension regulation.