UK - The Pensions Regulator (TPR) has set out its goals for the next three years to include strengthening DB scheme funding, improving governance and reducing risk to DC scheme members.
Tony Hobman, chief executive, TPR, said: "Our overriding goal remains to meet our continuing statutory objectives, working efficiently and in partnership with the regulated community, government and key stakeholders."
However, Hobman cited the government's pension reform agenda as an 'emerging challenge' which needed to be met to ensure the body remained fit for purpose.
The organisation said it had begun to define new priorities through its strategic enquiry process. This would involve public consultation and result in a ten year vision.
New powers bestowed on TPR by the government have recently caused debate within the industry (www.globalpensions.com, 15 April 2008).
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.