When someone buys a car, all sorts of different factors might influence which one they plump for.
Continue readingAll pension savers deserve value for money
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Trustees: engage with us promptly if your sponsoring employer is in difficulty
Like others, we welcomed news that the trustees of the two Arcadia Group pension schemes have agreed a buy-in with Aviva, securing benefits for 8,800 members of the schemes.
Continue readingLong term funding remains key as we prepare to launch our second draft DB Funding Code consultation
Exactly a year ago, I blogged that the underpinning principle of our revised defined benefit (DB) Funding Code was that schemes should have the necessary long-term funding approach to ensure savers have the best chance of receiving the benefits they expect.
Continue readingMember outcomes: Why it’s time for change
The days of savers being left in small defined contribution schemes offering some benefits but little value are over, says David Fairs, TPR’s Executive Director of Policy, Analysis and Advice. Instead, it’s time for trustees to take advantage of available support and guidance to increase their skills in relation to investment decisions and take action to enable pension savers to access the investment opportunities that best support good outcomes — whether in their existing scheme or through consolidation.
Continue readingOutcome-focused regulation right across pensions
Equality, diversity and inclusion: welcome progress but further to go
Our Equality, Diversity and Inclusion (EDI) Strategy sets out an ambitious roadmap for change.
Continue readingAE has come a long way, but we all have further to go
Last month marked 10 years since the start of automatic enrolment (AE). In that time, AE has changed hearts and minds about pensions.
Continue readingEnforcement strategy, policies and procedures
It might just be me, but whenever you get something new, it can make you look at other stuff you have, and think about whether it needs fixing, refreshing, or replacing – or whether you need less of it or even need it at all and can throw it out altogether.
Continue readingMerger and acquisitions: company directors must help pension trustees protect savers
Our role is to protect pension savers, and we pay close attention to mergers and acquisitions involving UK companies which sponsor a DB scheme, particularly those which are highly leveraged.
Why it is important to keep asking questions about investment strategies
I heard it said, not so long ago, that TPR asks ‘silly’ questions. I’ll take the compliment, though I doubt one was intended. It’s one of the nice things about life here, that I get to ask questions. I’ve never (yet?) been so blunt as to ask: “Dear Trustees, what on earth were you thinking of when you set that investment strategy?” But it goes through my mind sometimes, based on pre-meeting paperwork.
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