Marvin OnumonuNausicaa Delfas, CEO of The Pensions Regulator (TPR), called on the pensions industry to work together to help savers get better outcomes as the sector faces major changes.
Speaking at Professional Pensions Live 2025, Delfas said many people risked not having enough money to support themselves in later life.
She said the upcoming pension schemes bill would have a big impact on the market and set out what the regulator and its partners were doing to address the challenges.
This included making sure there was value in the pensions system through consolidation, improving investment governance, tackling small pots and looking at defined benefit endgame options.
Delfas added that helping savers make informed choices at retirement through dashboards, CDC and guided retirement was key.
Delfas said: “The market is changing. The regulator is changing. But the pensions challenge remains.
“How do we build a system that gives millions of pension savers an adequate income in retirement? There is no quick fix. And no easy solutions.
“But now is the time to work together to make pensions work for everyone.”
