
TPR focuses on stronger supervision as pension reforms take shape
The regulator said it is adapting its oversight approach to reflect a pensions market that is becoming increasingly consolidated.

The regulator said it is adapting its oversight approach to reflect a pensions market that is becoming increasingly consolidated.

These consultations will focus on areas like Value for Money, consolidation, decumulation, and endgame options.

The company said too many workers are still missing out, especially those in part-time, lower-paid, and gig economy jobs.

Based on current holdings, £252bn of pension assets are in scope, with the figure expected to rise over time.

In a keynote speech today, Patrick Coyne, interim director of policy and public affairs at TPR, outlined the steps the regulator will take to protect savers.
Unveiled today, Thursday 24th April, by Pensions Minister Torsten Bell, the initiative will introduce a small pensions pot consolidator as part of the upcoming Pension Schemes Bill.
The UK government has reportedly decided to postpone a major review into pensions adequacy, following concerns about further financial burdens on employers after recent tax increases announced in the Budget.
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