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.
In assessing the events of 2017/18, I’m reminded not just of the work of industry and TPR colleagues but of the excellence and the dedication my colleagues at the Pension Protection Fund (PPF) provide.
If you only had newspaper headlines to go on, you might be forgiven for thinking that private sector defined benefit (DB) pension schemes are about to reach the end of the road.