UK - The Pensions Regulator should be more accountable and promote high-quality workplace pensions, trustees and scheme managers believe.
A National Association of Pension Funds (NAPF) survey found 78% of respondents said the watchdog should be more accountable to those it regulates.
The survey also showed 61% thought the regulator needed a new statutory objective - to promote high quality workplace pensions and ensure their health and longevity.
NAPF chief executive Joanne Segars (pictured) said the findings sent a strong message to the regulator.
"We think the regulator needs to engage more with those it regulates. It should take a less prescriptive approach to regulation to ensure good quality occupational pension schemes thrive," she said
A TPR spokesman defended the watchdog's engagement with its regulated community.
He said: "We have attended and spoken at over 70 industry events during 2010, sharing our thoughts on topics from DB funding to DC regulation, the introduction of auto-enrolment to administration and governance. We always welcome questions and feedback from our regulated community at such events."
Outgoing TPR chairman David Norgrove also claimed that the regulator was constrained in what it could reveal publicly.
"Legislation rightly places restrictions on what we can say publicly about our interventions," he said.
NAPF's survey findings are also at odds with a January 2010 report by the Better Regulation Executive and National Audit Office which found that "the regulators stakeholders regard it as a transparent and listening organisation" and "the regulator has been open to external comment and challenge on its work".
Segars agreed the regulator was performing well in some areas but has called for it to expand its role.
"The regulator does some vital work in safeguarding pensions, but we feel it needs to take a broader, longer-term view. A new objective to promote good workplace pensions would improve engagement and help meet the coalition government's commitment to reinvigorate occupational pension provision."
At present, the TPR has three statutory objectives relating to protecting members' benefits, and an objective focussed on implementing auto-enrolment, but nothing about promoting good quality workplace pension provision.
The registration deadline for the Workplace Savings & Benefits Awards 2019 is today.
This week's top stories were the DWP giving the green light to CDC and TPR granting extensions for 11 master trust authorisation applications.
Susan Martin says building strong foundations for business are the only way forward as the pensions industry is radically shaken up
The Pensions Regulator (TPR) has granted Now Pensions a six-week extension for its master trust authorisation application after the 31 March deadline, PP can reveal.