TPR publishes second corporate plan

The watchdog’s plan also highlights the progress made by the regulator in the building and development of the organisation, systems, culture and processes.

During the three years from 2008 to 2011 the regulator said it planned to continue to meet its objectives, delivering against the challenges and core themes set out in the medium term strategy to:

- strengthen defined benefit scheme funding – completing the third year of the tri-annual scheme funding review;

- improve governance of work-based pensions – influencing behaviours to improve governance standards;

- reduce risks to members of defined contribution schemes – developing and implementing DC regulation approach; and

- deliver effective risk-based regulation – sustaining continuous improvement.

Pensions Regulator chief executive Tony Hobman said: "Our overriding goal remains to meet our continuing statutory objectives, working efficiently and in partnership with the regulated community, government and key stakeholders.

"We will also need to plan to meet emerging challenges arising from changes in the pensions landscape, such as the government's pensions reform agenda, to ensure our overall approach remains fit for purpose."

The Pensions Regulator said it would be publishing a consultation document on its longer-term strategy this summer.

See also: The Pensions Regulator must improve the regulation and governance of defined contribution schemes, a Committee of Public Accounts report says.