FCA and TPR working together on developing a pensions regulatory strategy

06 Mar 2018

Last month the Financial Conduct Authority (FCA) and the Pensions Regulator (tPR) announced that they would be working on a pensions regulatory strategy to set out how they’ll work together to tackle the risks faced by the pensions sector in the next 5-10 years. The two regulators are planning to hold several engagement events with stakeholders in London, Edinburgh and Manchester in the Spring, in order to establish the following two key areas:

• Their collective view of the current landscape of the sector and their respective regulatory remits.
• The likely key areas of focus in the coming years.

It’s expected that the FCA will focus on ensuring its regulation provides the right consumer protection and competition whilst tPR will target a drive to improve standards of governance. To achieve this, the tPR will be looking to make sure sponsoring employers treat schemes fairly and that workers are enrolled into the schemes they’re entitled to as part of automatic enrolment.