The Pensions Regulator publishes Corporate Plan
13 April 2015
The Pensions Regulator has published their latest corporate plan which includes how they intend to improve standards in workplace pension schemes and enable good outcomes for retirement savers.
Corporate plan 2015 – 2018
The corporate plan sets out what we can expect form the Regulator over the next three years:
- Establish and run a regulatory regime for public service pension schemes.
- Embed the regulatory regime around the government’s defined contribution (DC) pension reforms and flexibilities.
- Give guidance to over a million small and micro employers as they provide workplace pensions to their workers for the first time, and to those employers at the triennial anniversary following initial compliance with their employer duties, so they are equipped to deal with their ongoing duties.
- Disrupt the evolving pension scams models.
- Regulate the defined benefit (DB) market. Recognising we operate in a challenging environment, we will work with employers and trustees in line with our DB strategy and code of practice.
- Engage with developing policy initiatives such as defined ambition and automatic transfers, and in Europe in our role as a member of EIOPA.
The Regulator will also be working with central government on the statutory review of automatic enrolment due in 2017 and other government reviews.