UK. TPR launches their corporate plan for regulating pensions
The Pensions Regulator (TPR) has published its corporate plan setting out how it is taking a clearer, quicker and tougher approach to driving up standards in the pensions sector.
The corporate plan for 2018 – 2021 outlines how TPR will focus on key areas of activity, including:
driving up standards of trusteeship and stewardship across all pension schemes
authorising master trust schemes
ensuring employers meet their automatic enrolment duties
ensuring defined benefit (DB) schemes are effectively regulated
working with government to implement the proposals set out in the White Paper on the future of DB schemes
TPR Chairman Mark Boyle said: “The pensions landscape has been changing significantly. We are meeting this challenge by embedding a new regulatory culture and reinforcing our regulatory teams on the frontline.
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