UK. TPR sets three priorities in its new corporate plan
The Pension Regulator (TPR) laid out three priorities for the next three years in its new corporate plan.
Implementing the Pension Schemes Act, combating scams and developing a framework to measure value for money will be the objectives of TPR over the next three years.
The regulator sees these three objectives as the continuation to its response to economic uncertainty following the Covid-19 pandemic.
The plan also provide information to the industry about how TPR’s work will be measured.
TPR has set itself 14 key performance indicators for the year ahead. They are a mixture of quantitative based, milestone and progress-based measures.
They are aligned to TPR’s five new strategic priorities: security, value for money, scrutiny of decision making, embracing innovation and bold and effective regulation.
TPR chair Sarah Smart said: “We want to enhance and protect all savers’ pensions and in the current climate it is more important than ever we remain efficient, risk-based and proportionate in the work we do.
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