Our joint regulatory strategy to regulating the pensions and retirement income sector.
We have a range of powers that we can use if we wish to act to protect members’ benefits or pensions legislation is not being complied with. We follow certain procedures when we use our powers.
The Determinations Panel (DP) is a committee of The Pensions Regulator (TPR). It operates separately from other parts of the organisation, including TPR’s case teams.
We have two main powers which we can use in the circumstances set out below against an employer with a defined benefit scheme and those associated or connected with such an employer.
We undertake thematic reviews when we want to examine particular subject areas in more detail. The reviews help us to see any risks and failures, and what improvements can be made.
One-to-one supervision enables us to have regular and ongoing contact with the trustees, managers and sponsoring employers of larger or riskier pension schemes.
Our approach to the government's business impact target - which aims to reduce the burden of regulation on business.
The Pensions Regulator has regard to the Regulators’ Code and the principles of good regulation set out in the Legislative and Regulatory Reform Act 2006.
Our risk appetite statement sets out how we balance risk and opportunity in pursuit of achieving our objectives.