The Pensions Regulator
The Pensions Regulator’s Annual Report 2022-2023: Safeguarding Pensions in a Shifting Environment
In a dynamic year marked by industry transformation and shifting responsibilities, The Pensions Regulator (TPR) has released its Annual Report and Accounts for 2022-2023. This is crucial document not only reflects the achievements of the regulator but also emphasizes its role in safeguarding pensioners’ interests among changing pension patterns. Over the past year, TPR has…
Read MoreStrengthening Resilience in Liability Driven Investment Funds: A Regulatory Requirement
In the continuously developing environment of financial markets, the resilience of investment funds continues to be a predominant concern for both regulators and investors alike. This concern was accentuated in the past months by united statements from Central Bank of Ireland (CBI) and the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg, collectively identified…
Read MorePensions Regulator’s New Single Code of Practice
Single Code of Practice The pensions industry and retirement plans are constantly developing to ensure a secure and prosperous future for retirees. As part of this ongoing process, the Pensions Regulator is scheduled to release a new Single Code of Practice, aimed at optimising and improving the existing regulatory framework. The key aspects of the…
Read MoreData collection: Creating Financial Security for the Next Generation of Pension Savers
“Many working-age people may not realise just how much risk they are facing when it comes to ensuring financial security in retirement.” – Jonathan Cribb Becoming a data-led and digitally enabled industry is more important as we begin introducing the newest generation to pension saving. The shift towards a predominantly defined contribution (DC) industry has…
Read MoreFrom Awareness to Action: Bridging the Gap in DC Pension Schemes’ Value
It’s an appropriate time for DC pension schemes to question whether they are providing value to members – particularly the smaller schemes. A recent survey revealed a lack of awareness around value and ultimately, failing to meet expectations set by The Pensions Regulator (TPR). Survey Results Undoubtedly, it is a challenge for smaller DC…
Read MoreSupporting DC Members
Amongst concerns that the value of some defined contribution (DC) pots has fallen, The Pensions Regulator (TPR) released a statement in January 2023 stating that savers must be supported during economic volatility. With the rising cost of living, savers under financial stress may be more susceptible to pension scams and fail to make long-term decisions…
Read MoreHow to minimise your pension scheme’s risk with Leverage-Driven Investments (LDIs)
In April 2023, The Pensions Regulator (TPR) published updated guidance to trustees of pension schemes on using Liability-Driven Investments (LDIs). In this blog, I will summarise TPR’s guidance, explore what it means to you as a trustee, and showcase how Assure UK can help you meet your governance and monitoring goals as part of a…
Read MoreUK’s First CDC Pension Scheme Authorised by The Pensions Regulator
The Pensions Regulator (TPR) has assessed and authorised the UK’s first Collective Defined Contribution (CDC) pension scheme with many more lined up to be introduced. This is a landmark authorisation from TPR and shows how the regulator is pursuing its strategy to embrace innovation to help meet pension savers’ needs. The minister for Pensions, Laura…
Read MoreA look into the increased focus on climate and ESG non-compliance
The Pension Regulator (TPR) is increasing its focus on climate and environmental social governance (ESG) non-compliance, but what does this mean for you as the Trustee and your scheme? TPR is in the process of launching a regulatory initiative in Spring 2023 to ensure the reporting of ESG by Trustees meets a required standard. Part…
Read MoreThe Pensions Dashboard is coming but when?
In 2022 we held a client listening exercise with several of our clients to understand how they felt towards working with Assure UK but also to highlight any key topics arising within the pensions industry. Throughout the interviews a hot topic was the Pensions Dashboard. What is the Pensions Dashboard? The Pensions Dashboard is…
Read More