We work with The Pensions Regulator (TPR) to address risks and harms in the pensions and retirement income sector and help ensure the best possible outcomes for consumers.
In March 2018, we published a Call for Input to offer people with an interest in pensions, the opportunity to send us their feedback. We also listened to the views of representatives from industry and consumer groups at events in London, Edinburgh and Manchester. The input we gained from the Call for Input and the events has informed the development of our joint strategy.
Our joint strategy and Feedback Statement outlines how we will work together in the future to address changes in the sector, including those prompted by major developments such as pension freedoms and auto-enrolment.
The strategy also outlines two new priority areas for joint action. The first is a strategic review of the entire consumer pensions journey - taking an in-depth look at what tools are needed to enable people to make considered decisions about their pensions.
The second is using our powers to drive value for money for members of pension schemes, including the setting and enforcement of clear standards and principles where relevant.
Our joint strategy will help pension scheme members and consumers to make the most of their savings, and ensure their money is managed to meet their needs.
Who this strategy applies to
Our strategy will be of interest to:
- consumer organisations
- pension providers and pension scheme trustees
- pension advisers and other intermediaries
- firms and organisations that provide products and services to the pensions sector
- trade bodies
- others interested in pensions and retirement income